One Gold Miner

From a post on April 2:  “Randgold Resources (GOLD) is one of the few senior gold miners I am able to list in NFTRH as a miner of relative quality.”

Nothing has changed since then. Beyond Rangold in particular, this is a very interesting interview. There is a lot of information surrounding the gold mining industry now and the thing that is going to save the industry, along with individual miners who, like Rangold, decide to really run operations as a serious business, is the global macro backdrop.

With gold out performing crude oil, we have one cost-reduction building itself in structurally. There are other macro issues that need to come in line.  But those who obsess on the gold sector as if it is the only one on the planet need to really sharpen their analytical pencils going forward because the macro fundamental picture is changing and the mainstream media – this excellent Bloomberg video excepted – is not going to guide the way accurately.  In other words, Team Gold “Community” needs to make sure it does not get juked right out of its cleats at the wrong moment.

CEO Mark Bristow: “…just sharpening the pencils because things are a little tougher.”

Interviewer: “Is the industry toast, Mark?”

MB: “I believe so, the industry is toast.”

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