Gold up, US dollar down and Hugo has been bitten
posted on
Sep 12, 2008 10:13AM
by a rabid dog, and now he's showing typical symptons...
It leaves the hopeful Venezuelan miners in a dead spot... New buyers can see lots of good gold stocks selling at huge discounts and they have the prospect of quick appreciation when KRY, GRZ and even RML all languish in uncertainly.
Once the rest of the market for miners gets' up to speed the attention will shift once more to the huge potential in the ground value of KRY and GRZ but until then we can expect to remain in the doldrums. Of course a quick permit announcement would change things in an instant but while Hugo rants and raves and MIBAM and MinAmb remain silent, we are not going to see much new money coming in.....
Sorry guys, but that's the way I see it.....