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Hm.... silver is down 15% as of this moment, yet FVI is only down 10%. Normally FVI gets beaten down harder than silver, at least temporarily. Is this a clue that the silver selloff is perceived as being overdone?
I had sold off the rest of my RIO yesterday around $2.95 or so. I bought back some RIO today at $2.75 - why not? I assume Gold Fields would call off the buyout in this environment, but then again, RIO's still worth more than today's share price, according to my old-price-of-gld calculations.
Otto loves FVI to death. Well, my own fave is RIO. Happy to have a bit back in the fold.
I never fail to find the way you colonials use the word 'love' amusing. Love is for wife and children, not for companies.
ReplyDeleteBetter to be a colonial than an anal yst. :-)
ReplyDeleteRIO's done more for me than any wife or children.
"I and should know, I've had a few"
ReplyDeleteFirst commment, just testing this thingy...would like to hear Eric Sprott today...
ReplyDeletealso long with the told bald australian since under a dollar...
ReplyDelete