Golden Reorientation

People talking
They're saying that you're leaving
So unhappy
With the way that you've been living
--John Waite

Gold closed yesterday at over $2020/oz. Record high. It is up another $25 this am.

Silver making hay too. Up over a buck this am to ~$27. Miners moving in sync. Pan American Silver (PAAS) now more than a triple from March lows.

Using terms from punctuated equilibrium theory (Gersick, 1991; Tushman & Nadler, 1985), after a long period of convergence, it feels like reorientation is underway.

References

Gersick, C.J.G. (1991). Revolutionary change theories: A multilevel exploration of the punctuated equilibrium paradigm. Academy of Management Review, 16: 10-36.

Tushman, M.L. & Romanelli, E. (1985). Organizational evolution: A metamorphosis model of convergence and reorientation. In L.L. Cummings & B.M. Staw (Eds.), Research in organizational behavior, vol. 7: 171-222. Greenwich, CT: JAI Press.

positions in gold, PAAS