On the third hand, re <<gold FNV DRD>>
The question already asked on the thread was what of the future of DRD.
My buddy the higher up in bulge-bracket outfit asked a related question, "with gold at 2,000, what should be the value of DRD?". He is the one who got his clients out 17th January, and he has much grateful clients.
Both of us subscribe to Martin Armstrong, except his subscription ranking is considerably higher than my pay grade.
Another fellow traveller asked a question, "why the performance discrepancy between RGLD and FNV?"
Have asked for guidance re the difference in holdings between FNV and RGLD, in terms geographic locations (USD vs non-USD cost), and the types of large holders of the stocks.
re DRD, a dig into the details of content of the two tailings ponds, and investment needs for near term production. Do not know how readily available from public / imputable info.
My fear? We may not have enough DRD.
In the meantime, Marty has the following near term guidance,
ask-socrates.com
Gold Into New Highs
On March 31 we warned that technical support for the 2nd quarter would be 1617 and resistance at 1907. The major overhead resistance stands at 1755 followed by 1790. Our models have been warning that we should see a 2nd quarter high which implies a decline into year-end. May remains as a key target, but a drop from an April high would imply a May low, with a rally into a seasonal high in June.
We warned that the ideal target week would be April 20th. The key days this week were the 13th and then Thursday is today's high is exceeded.
Europe is really in desperate shape. The speculation is that the EU is trying to break Germany to accept Coronabonds and a generalized debt for Europe. We are seeing signs in Germany that they realize their economy is collapsing. They are now starting to try to argue that the lockdown will only apply to the elderly until yearend.
Gold has been pressing high on deep concerns that Brussels is not merely trying to break the will of Germany, but they realize the countless bankruptcies they are inflicting will leave unemployment at record highs. The rumor circulating is they are deliberately trying to implode the economy to force Universal Basic Income and create a permanent welfare state and then they will simply print money rather than borrow once the break the will of Germany. |
