Loading ...It would seem that paying off the debt with gold might be a bit further out in the future. The gold chart actually looks really good, just a slow, steady advance for the last couple of months. Silver has basically doubled since June. Unprecedented for us. I wonder if the slowing of the move in gold has to do with getting the GSR back in line. Whatever, you’re right, if gold is going to be used as a debt instrument it needs to be racing toward $20K.
What bothers me here is the way the shares have performed over the last 4 days. Silver was up 4% yesterday and the shares didn’t move, we should be getting 2-3 to 1 ratio in the shares, and we’re not getting anything close. The HUI chart looks identical to the gold chart. We’re getting par. Maybe that will change when earnings come out next month. That would be in line with what deer79 says about running after the first of the year.
It’s hard at this time of year because volume is off, but the shares look like they’re going to roll over to me. No bueno. Hope I’m wrong.