Wednesday, January 5, 2011
As for the gold sector, yawn. The dynamics in play would serve to improve the sector's fundamentals as gold's 'real' price - measured in all the gamed commodities and markets - will rise once again, even as the stocks are woodshedded with a general correction. There is a reason gold underperformed everything else over the last few months.
Meanwhile, my friend Tim proclaims Miners' Day in the Sun is Done, and this too comes right on schedule. Risk should have been managed all along, and now we look ahead to opportunity as the misperceptions game gets cranked up once again. I am making a shopping list for post-Christmas sales (to buy) on premium gold exploration and mining. For now, patience remains in play.