Rick rule31 Oct 2018 23:41
The following is lifted from Otto Rock.
"Rick Rule's wise words about the large precious metals producer companies...
...back on January 23rd, 2018:
The gold mining stocks that are set for a “spectacular year,” include senior producers and large intermediates, Rule noted.
“They’ll move because expectations for them are so low. They are becoming rational capital allocators and all of a sudden they are generating free cash,” he said.
So, let's see how those senior producers and large intermediates are doing in 2018:
Newmont (NEM): Down 20%
Goldcorp (GG): Down 30.8%
Barrick (ABX): Down 11.2% (that even after the Randick deal, ABX was down 30% a few weeks ago)
Agnico (AEM): Down 23.9%
Kinross (KGC): Down 38.9%"