I’ve seen the head and shoulders patterns formed… the outlines and the targets, but I want you guys to think about what has happened from a fundamental perspective during the last few years.  The best names have DELEVERED and sold garbage assets.  Think about how much debt ABX and Newmont have paid back.  Unless gold goes to 900, ABX IS NOT GOING BACK TO 6$.  Newmont is not going back to 15.  Richmont learned that their Island Gold mine is an absolutely monster and they are bringing it online soon.  When it was 3$, nobody knew this.  MUX is on the verge of tripling their cash balance and cut the shares outstanding by buying back stock at a dollar.  New Gold is nearly done with Rainy River and its the best new gold mine out there according to the numbers.  The best names ARE NOT GOING TO RETRACE THE ENTIRE MOVE UNLESS GOLD GOES TO NEW LOWS.

 

I went from owning nothing to 1/3 back in the game Friday and today.