Comments: VGZ is struggling to regain its broken uptrend, which is currently at around $10.00. A hunch tells me that VGZ may close right at $10.00 today. VGZ was planning to spin off its Nevada properties to a new entity by around mid September. No update about the timing of the spin-off has been made however VGZ recently filed a shelf registration statement primarily in order to raise funds for the spun off entity. I'm looking forward to the spin off as it could add another quality company to the existing trading and investment options in Gold.
Comments: I think it has to be deemed a bit of a disappointment that during the recent two Gold price decreases, Royal Gold did not take advantage of depressed prices to sign any new royalty agreements to revitalize the royalty pipeline. In fact, they haven't announced any royalty deals since last December. Technically, there is still plenty of room for the already abundant short sellers to keep punishing RGLD if Gold continues to tumble.
Comments: VGZ is struggling to regain its broken uptrend, which is currently at around $10.00. A hunch tells me that VGZ may close right at $10.00 today. VGZ was planning to spin off its Nevada properties to a new entity by around mid September. No update about the timing of the spin-off has been made however VGZ recently filed a shelf registration statement primarily in order to raise funds for the spun off entity. I'm looking forward to the spin off as it could add another quality company to the existing trading and investment options in Gold.
Comments: I think it has to be deemed a bit of a disappointment that during the recent two Gold price decreases, Royal Gold did not take advantage of depressed prices to sign any new royalty agreements to revitalize the royalty pipeline. In fact, they haven't announced any royalty deals since last December. Technically, there is still plenty of room for the already abundant short sellers to keep punishing RGLD if Gold continues to tumble.
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