Then one fine day, the market decided the PM miners had been discounted enough and a drop of a few dollars in the price of gold bullion wasn’t so important:
At U$1,900/oz gold, maybe even the companies in our abysmally-run sector become too cheap to ignore. Maybe.
Well said, I think after the qtr things will get more interesting on a positive note.
Cost increases could be a party pooper going forward.
Diesel fuel is one of the largest single inputs costs in mining … seen the price of diesel lately?
[…] on Tuesday in the post The gold price and PM miner divergence, the subject has been on my mind all week so here’s another chart, showing a slightly longer […]