What happens when the main financial backer pulls out of a project? The answer is usually clear: The deal fails, which is what the foes of a gigantic gold and copper mine in Alaska are counting on. But in this case the mine has only been dealt a setback and is far from dead.
Gold recovered somewhat overnight in Asia and again today in Europe despite the sharp selling seen on the Comex yesterday. As ever, it is very difficult to pinpoint exactly why gold and all precious metals fell in price.
Are junior resource stocks the investment equivalent of a game of blackjack? The Fundamental Research Corp. analyst has come to expect stability from his picks. How? By using fair-value metrics and a longer-term timeline.
We note the contrast between the reporting companies who by law cannot lie about their fiscal realities, versus central planners who admit that they must lie to preserve calm and control. We'll leave it to you to decide whose version of the truth you want to believe.
We will not pass judgment on exactly what kind of signs the appearance of a three-part series on gold in the Wall Street Journal (!) or the launch of gold-spewing ATM machines at swanky hotels in the Emirates might represent.