The New CS Board

[jumanji0881]

A Colossal (And Temporary) Buying Opportunity : http://www.zerohedge.com/news/2013-04-11/guest-post-colossal-and-temporary-buying-opportunity

My comment: I don't know when things will turn. I just know the miners are dirt cheap and that the CBs are rapidly devaluing paper currencies. I added another 9K CSI 2016 warrants today at $0.96.

Excerpt:
As Lee Quaintance and Paul Brodsky of QB Partners point out, “the ratio [Mining share prices to spot gold] is again at its ten year weekly low. If there is any remaining validity to the merits of investing in financial assets based on historical value, this would be the time to buy miners.”

They go on to add (and we concur),

“Our strong bias is that prices of bullion will rise significantly. Selling the miners at current absolute and relative valuations would be tantamount to throwing in the towel on the entire concept of value investing, now and in the future.”

“The reality is that we cannot be 100% sure of the outcome from all the monetary mayhem in Europe, Japan and the US, and we do not have a good sense of timing if and when our outcome proves correct. . . All we can do is try to recognize value within the context of current and extrapolate-able events.”

We agree that the temporary weakness of the price of bullion is a buying opportunity in light of Japan’s vast money-printing experiment. And the same likely holds for the price of gold mining companies.

Bear in mind, though, that as the money printing ritual goes on, the prices of everything are being so grievously distorted. Doubt is uncomfortable in this environment. But certainty is absurd.