Re: Ironic? Peak Gold.
in response to
by
posted on
Feb 22, 2012 04:59PM
New Discovery Resulting in a 20KM Mineralized Gold Belt
With gold and silver continuing to consolidate, today King World News interviewed John Embry, Chief Investment Strategist of the $10 billion strong Sprott Asset Management. Embry told KWN that we have seen “peak gold.”
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/2/15_John_Embry_-_Is_Greeces_Situation_Bad_for_Gold.html
Well if we have seen peak gold and we have heard this before the big companies will be looking to acquire the best potential gold finds out there. I agree that it is prudent of GNH, but like Snug says it does raise a warning flag. I'm sure Frank and crew are very aware of the bigger players out there as this is where they spend their days. I'm sure they have heard the rumblings and so I'm glad they are putting things in place. If someone comes a calling I want to know I have options as a shareholder.
GNH has been doing some smart partnerships (SGS) and drilling strategies and a winning combination spreads the word around and draws more attention.
When, who, etc is all guess work, but as the big players see their easy reserves shrink they are going to snap up the best opportunities as quickly and as cheaply as they can. So I think this RE may have more eyes on it than I may have considered before and so thanks for the word of warning Snug.
If you are a small "spider" you need to avoid the down spouts and do more to protect the company's and the shareholders interest. Yep don't want to repeat that one, lol eh Snug?
Here's hoping for a golden lining in them clouds.
D