So are you going to tell me that KGN was worth less than its net cash (significant gold resource given away as a freebie) in May? That was actually something of a bottoming signal (among other more TA and macro oriented things) for the sector.
The market is efficient alright; efficient at separating people from their money. When this is all over and valuations are firmly headed in the other direction toward over valued, it will do us well to remember all the noise in mid May and to remember who was making said noise.
Hint: Think trend followers and people with agendas.
http://www.biiwii.blogspot.com
http://www.biiwii.com
The market is efficient alright; efficient at separating people from their money. When this is all over and valuations are firmly headed in the other direction toward over valued, it will do us well to remember all the noise in mid May and to remember who was making said noise.
Hint: Think trend followers and people with agendas.
http://www.biiwii.blogspot.com
http://www.biiwii.com
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