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Message: Rats

Re: Rats

in response to by
posted on Oct 13, 2009 11:26AM

I hear ya, I would hope to see drill results soon as well. With these markets you never know what is going to happen one day to the next, just look at kitco, one article eludes to 1500 before year end, while another implies that current prices are unsustainable. I believe in the long term viability of gold and SGR but I dont quite think we will see 2k+ gold anytime soon if at all, and I believe the road will be quite rocky as well. As far as I'm concerned we should'nt need gold to hit 1500 for SGR to appreciate beyond 3 bucks but these days the SP's seem to be driven more by an expectation of increasing Gold prices, If gold were'nt so high already then I would understand but at current prices its all blue sky IMO.

Not sure what others think pertaining to GOLD movement but there is some chatter lately about the nature of this bull run in gold and how it is due for a correction. God I hope not, SGR has been quite sensitive to any decrease in Gold price. Thoughts anyone?

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