Terry >Sure glad that I do not have such a famous name.
You can say that again. But, on the other hand, one never knows --- there must be many ladies who like to meet such a famous and good-looking man.
Tom has explained his waves to me on innumerable occasions but I have to admit that I still do not understand them, I must add, like Elliott waves. To me, a wave is a wave is a wave. Unlike girls, I cannot see which are the attributes which make a wave special.
I think it would be reasonable to anticipate some degree of consolidation in the gold shares. Most of them, including yours, have had a helluva good run and in such circumstances it is usual to expect a price retracement. I'm not a good trader and whenever I attempt to second-guess the market I fail to sell well and buy well. So I will keep my gold shares, even if the price falls back now, because I do think they will go better in the months to come.
As regards fundamentals, I have never understood why messing around with interest rates has such a profound effect on share prices. In fact, to this day, I don't know whether the share prices go up or down when interest rates go up or down because all possibilities exist under different circumstances. So far, according to the CRB index, there doesn't seem to be much of an increase in inflation so I guess they'll keep the interest rates as low as possible for as long as they can.
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