Re: At $800 gold, the LC reserve is 22.454 million ounces
posted on
Aug 31, 2008 09:46PM
Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America
That's the key, temporary shock. These always pull back as traders exit on parabolic moves. A sustained rise into a permit would create a momentum play that could carry us higher. Traders exit on parabolic moves. Momentum players enter on sustained momentum moves.
Just my opinion but that is how I woudl play the two scenarios