Dear Bob Hoye answers Ron's question.

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Dear Bob Hoye answers Ron's question.

posted on Mar 05, 2010 02:52PM

I took the liberty of emailing this question of Ron's to Bob Hoye.

"Dear Bob,

The explorers led the miners down the period pre-crash and got killed during during the deleveraging that followed post crash. I know of no gold Guru who predicted that behavior. Do you?

Would you agree that the explorers look like they're doing it again, and this indicates falling nominal gold prices?

Bob answered Ron's question on miniute 16:37 on today's Howestreet.com

Now,Bob sees the explorers maxing out in a "year or so" as the real price of gold continues to climb.

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