Thursday, October 4, 2012

Streamers - charts look great


You've been living under a rock if you didn't notice SLW, RGLD, SSL and FNV's outperformance of everything else recently.

I was thinking, y'know... if I were the Saudi royal family, I'd be well served to buy out a major gold streaming company. I mean, if I've got a few billion dollars, why not buy 30 years of gold streams at a discounted cost, and just pipe all that gold to my own private vaults forever?

Similarly, if I was the central bank of the People's Republic of China, and I wanted to establish the yuan as a valid worldwide reserve currency, I'd be well served to buy out a major gold streaming company. I mean, for a few billion dollars I could buy 30 years of future gold production, and add that to my forex reserves to improve the standing of my currency.

I'm only sayin'....

3 comments:

  1. I heard FNV was on the table for $90....

    Ok, I never heard that but just putting it out there...

    ReplyDelete
    Replies
    1. (90-64)/6 = $4 for my 29-cent FNV warrants.

      I would strongly suggest that you change your comment to state that you *DID* hear it. Perhaps during that recent dinner with King Abdullah and Wen Jiabao that you most definitely did have.

      Delete
    2. Actually it was $95 according to Wen.

      Delete

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