SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold and Silver Miners and the U.S Markets. -- Ignore unavailable to you. Want to Upgrade?


To: Beam who wrote (1697)4/3/2014 6:54:54 PM
From: Robov2 Recommendations

Recommended By
Beam
drager

  Read Replies (2) | Respond to of 1954
 
Well Beam, I absolutely feel your frustration as I have been utterly monkey hammered in the sector for the past 3 years just like everyone else, but, unlike many I am not about to leave at this point when prices are as cheap as they have ever been relative to the current POG. I mean the GDX is trading at a price last seen in December of '08 when gold was around $870 or more than $400 less than it is now. MUX is currently $7.55 off its high of $9.87 reached in April 2011 when gold was in the $1400 range which is not to far off of our current level and has far more resources, production, profit and future potential than it did then. And how about ANV closing today at $4.30 having reached a peak at $45.90 and trading at $41 in October of 2012 at the start of the overall orchestrated take down in gold that has lasted the last year and a half. This is a company with some incredible stats that is a steal at current prices. I have just got to a point where I have convinced myself I just need to be patient a little linger as the worst is over and that these past three years of torture will be long forgotten by the time the next three years are over.

alliednevada.com