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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Logain Ablar who wrote (47132)12/13/2005 1:45:21 PM
From: ild  Read Replies (1) | Respond to of 110194
 
<<<I just don't want Heinz to come out with good comments on dropy like he did on gss.>>>

Date: Tue Dec 13 2005 13:53
trotsky (@the curse&DROOY&sentiment) ID#248269:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
i've been asked not to invoke the GSS curse by saying anything positive about DROOY by mistake, so i won't say anything. i mean, everybody knows by now it's undervalued and a great buy, so there's really no need for me to mention it. it trades at a 50% discount to its peers on a production basis and a 65% discount on a reserves&resources basis, but you don't need me to tell you that, right? so i won't.

the news from the sentiment front are downright amazing. yes, gold's rise has produced headlines- but anecdotally, we have rarely seen so many sold out bulls. not only that, there are now more XAU puts than calls outstanding. iow, everybody, their auntie, AND their dog are looking for a decline.
will the market accommodate them? stay tooned.