Re: New High @ $3.25
in response to
by
posted on
Sep 08, 2009 09:03PM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
I will also sleep well tonight knowing that I have done my DD. I am not too overly worried about gold and gold investments as I can not think of a better place to be. "
Until this week, gold had been range-bound this year, so gold shares sharply underperformed the market. On Tuesday, bullion staged a sudden upside breakout from its pennant pattern, which could signal a sustained move through $1,000. As we were going to press, it had moved through $990. Gold shares are attractive havens, because gold is the only asset that can be expected to outperform under both extreme scenarios— financial collapse and runaway inflation. Remain overweight gold within commodity-oriented portfolios."
Disclaimer
I stole the underlined part from the Gartman letter. Give special attention to the bold text