Monday, January 7, 2013
Two things from Otto
Haven't posted today, other things to do.
I should really get around to writing that review of John Kaiser's website, especially since it seems the entire retail goldbug community has quit their shitty newsletter writers and all signed up with him. Otherwise I can't explain the sudden interest in NGE, a stock with an interesting story and oh such a nice hydrogeology database, but otherwise still a big pile of dirt with zero gold.
But it's taking off, quite nicely, so what the hell.
Anyway, two things from Otto:
IKN - The cost of building a mine in Argentina, Goldcorp (GG) Cerro Negro edition. So... where is all that gold going to come from? Y'know, that gold that all of Asia is buying? Y'know, when it's impossible to build a new mine because of the batshit huge year-to-year cost creep?
And something he forwarded to me:
Katchum - gold supply on gold price. The fellow has nice charts, and actually understands the concept of supply and demand. However, I wouldn't read his other articles too closely, since he seems to follow the writings of Sprott, Bass, Schiff, Faber, Turk, Morgan - the entire clown-car of ZeroHedge pundits. But he does put up good charts.