I have been talking to a broker I have known for years and the bearish talk coming out of his mouth is enough to make anyone want to sell. Denis Gartman has announced he is back to shorting gold and all over the airwaves we hear of recovery in the Unites States. This is the last shaking of the tree before gold breaks above $2000 and Dynacor charges higher. The day will come where we trade at 12 x EPS.
All this bearish chatter has me bullish
2014 0.040 x 12 = $4.80 per share
We have yet to experience bullish sentiment in the gold juniors and my multiple may turn out to be conservative.