I'm thinking AEM must be pretty desperate for cash. I saw that stake they took in RBY to be prelude to a future takeover offer. Wonder who bought the reported big chunk of the shares they're unloading. I still see Rubicon as a sitting duck for a takeover and I'd sure hate to see it happen at a 30 or 40 percent premium to the current price. I think there's value there that isn't being reflected in the stock price.
Expected a little follow through on the gold price last night and in Europe this morning but no cigar. With what these banks are going to have to do to keep the balls in the air is pretty set in stone. Gold should be reflecting that even more than the nice move we had.