Investment Adisor, Eric Groner of Canaccord writes:
April Gold closed today at $947.60
I just have to pass on a comment from David Pescod, writer of Canaccord's "Stocktalk Late Edition".....I can't help but concurring with him !!...if his (and mine) forecast is correct, the coming months could be very lucrative for us!
"......we have not seen such a major disconnect between precious metal prices and equity prices since 1993. The precious metal prices are high and going higher. The precious metals equities are low and going nowhere. They cannot both be right. Something has to give. Either the stock prices are predicting the next correction in the metal prices, or the metal prices are predicting that stock prices will play catch-up as soon as the credit crisis passes.
.....my bet is firmly on the latter. Liquidity has flooded back into the major markets. US dollars are being printed and "dropped from helicopters". A new inflation boom is now unavoidable. In a years time, I think we will be able to look back and see that was a historic opportunity to purchase precious metal equities.....""
