We probably need to wait another 12 months give or take a quarter or two. It has only taken us about a decade or so to arrive here. The journey began the day the EU realized they could push a secular, God-mocking agenda on Europe by writing checks not even their grandchildren will be able to cover.
Gold is already seriously undervalued and the instant there is a run on physical gold it will rocket right past $1,500. Every institution out there is ready to pull the trigger on huge gold buys. They aren't doing it right now because the equities market the world over has become a virtual gold mine itself. Just look at Greece's equities exchange today. It jumped over 10% the instant it found out it would be artificially inflated with both stimulus and interest rate cuts.
It won't be long now and while we are waiting I think we'll be watching BAA turn into a two to five bagger from here when it closes on financing and announces Namoya is at full production. That will likely bring in bigger investors that should push it to about five times earnings. Then it is To Da MOON for BAA!
investorwisdom, come the end of march banro will report earnings. I think .03-.04/share. That will put earnings for the last 4 qtrs. over .03/share. .03/share times 18 (current p/e) = .54/share. Pretty dead till then. jmo
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