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Message: Encouraging...

Encouraging...

posted on Dec 10, 2009 10:47AM

The price action of yesterday and so far today is encouraging to me, and may well prove some earlier remarks that the latest NR's have created a better base for the SP of SGR. It's almost as if it was forgotten that we had a 52 oz pull. If we can appreciate 15-25 cents on sideways gold maybe next time we hit 1200 gold our sp will be higher than 4 bucks, who knows, but I am liking what I am seeing the last couple of days.

There was a lot of talk when gold was at 1200+ about bubbles and corrections, you could sense the uneasiness so getting this out of the way is good. This stall is Golds downward movement has allowed our SP to level off and move up. If there is another leg down perhaps it wont hurt as much. 2 days ago the bid at open was looking like 3.30 with gold around $1130 with a further downward gap to be sure, had gold continued its downward movement, the price is lower today. Also, I noticed we now have 8 brokers covering us in Globeinvestor up from 5 or was it 3...

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