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Message: Circumstances

Circumstances

posted on Jan 20, 2010 05:09PM

Buy all you can handle at this point. This was a great pr - investors love to read about visible gold. I just wish they would have used the 'B' word .... you know, BONANZA. Hopefully they will soon enough.

The pm market tanked on the New York open because of euphoria related to the Massachusetts election results. The SGR drop had nothing to do with the pr at all but it, and just about all other pm stocks, got caught up in it. It was a manipulated drop that will be short lived. The metals should begin rising this evening when overseas realizes the buying opportunity. That should carry over into the US tomorrow when it is realized that nothing has changed and dollars are, or will be, worthless.

I bought more SGR today and will add tomorrow on weakness. I'm also a big buyer of First Majestic (TSX - FR).

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