/biz/ - Business & Finance

>>30207049
VGLD is holding today and continues to hold at a $50 million market cap, that's impressive given the present circumstances. Look at GIS which should be many multiples higher for the large proven resource and team and cash and property they have and yet which just dumped below a $10 million mcap, or BLLG or CCW or any number of other ludicrously undervalued stocks for comparison. VGLD should be at least 3x higher already but VGLD isn't going to get the revaluation it deserves while GDXJ is still down 30% since August, SILJ is down 15% since the start of this year, etc. The miner bull market needs to begin in earnest and actually leave the stealth phase before exciting things really begin to happen. VGLD is being held back by the fact that everything else in the sector is dumping so much that shareholders are constantly tempted to take profits and buy other stocks, as also because people are simply afraid to be in miners or stocks in general.

>>30183512

Seems that we weren't imagining something when we pointed out that the P. E. ratios of these miners are completely ridiculous (like 8 for Kinross):

"Gold miners are about as cheap in relative terms as they have been in 20 years, according to Andrew Garthwaite, a global strategist at Credit Suisse Group."

https://twitter.com/aspentrading10/status/1343202565937393664