IAMGOLD Corp (IAG)

[xray44b9]

Boy, that's a good question. Look over at Yahoo Finance under GDX I think there is an article or two putting forward the "gold trade is over" scenario.

I think it's basically the street thinks that there is simply NO scenario for gold (war, inflation, societal collapse) that has sufficient energy to compel the world to fly to its safety at this point.

Whether or not that's true who knows. I think for the remainder of 2013 folks who own miners have got to hope instead for wall street to see simply an oversold, severely undervalued (by normal stock metrics, ie, many miners trading double digit percentages below book value) sector that, when all else has been run up and profits taken, hey maybe those mining companies deserve some attention.

But I wouldn't hold your breath as, for now, there's just no interest and the sentiment toward them is beyond terrible.

I was watching BNN the other day and there was some fund guy on there and when somebody asked him about IAG said, maybe in 2 years (!) it might get back to 9 dollars. He had sold the stock in Feb 13 I think. The more I thought about that statement and the action of this week I think that that may be optimistic.