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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (23488)	10/14/2009 1:57:20 PM
From: Horgad	1 Recommendation Read Replies (2) \| Respond to of 71442

DROOY has been a POS stock for a looooong time. They alway seem to find a way to screw things up even as gold soars higher. I would look elsewhere or examine the current management very closely before touching it. Maybe they have changed their ways and are extremely under priced because of their horrible reputation or maybe not. All I know is that it sucks to be right on the big picture play that took multiple years to set-up and then screw up the huge opportunity by making a bad stock pick...

To: Tommaso who wrote (23488)	10/15/2009 5:55:43 AM
From: Real Man	Respond to of 71442

None of SA miners have large profits now. As Rand profits soared last year, they increased dividends. Yes, none of SA miners soared in the gold bull so far, which makes them deep values. RSA still has 50% of World gold reserves, but its share of production has been declining substantially due to high costs. If gold goes into mania, which could easily happen due to fear of global currency devaluation and relatively small size of the gold market, RSA miners, now options on their gold in the ground, will once again become cash cows. GLD market cap is 15% of MSFT market cap, as I posted earlier; on the other hand, it is already #6 holder of CB gold. Most gold hoarders will choose bars over GLD. There is no limit how high gold can go in a mania driven by intense fear of currency debasement. Very silly prices that will depend on that currency debasement. We discussed it before.