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Last night, the unendurable boredom of watching a Los Angeles-New Jersey playoff game drove me to instead watch the repeat of the Commodities Report on BNN.
Third segment saw Andy Bell (former lead singer of Erasure, yes, it's him) interview John Gravelle from Price Waterhouse Coopers, where he goes into a little bit of detail on the extent to which gold miners suck™.
Wanna watch? Here's the link.
Good point of his is that a lot of capex and buyouts will be delayed. So does that mean it's a dumb idea to buy a junior miner for a buyout?
Also, he notes the miners are also suffering from lack of technical talent. Again, to me this supports the argument that you should just avoid miners altogether and just buy the metal.
Speaking of which, here's the link to the gold report that PWC put out in the winter, where they utterly and completely failed to predict that gold miners would spend this year sucking™.
Altogether, quite doomy.
Really bad info in this post, dude. Fact is that Erasure are still going strong and Andy Bell must split his time between BNN and touring, cos he's still up there giving it the croon.
ReplyDeletehttp://en.wikipedia.org/wiki/Erasure
So break these chains of love on that, buster.
Omg you just admitted you have heard of Erasure.
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