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Message: Re: Gold...Somebody Pull the Chute: Re Merv Burak

So Merv has after examining the lines of SGR'S cart has seen into it's future and predicts that it's short, medium and long term prospects are all negative. These chartists in my opinion are no different than the diviners of old who would predict the future by interepting the pattern of cracks that resulted from casting a scapula in a campfire. It taps into the psychological need that we all have to know what the future will bring for us. Having said that I think we are all better off using a fundamental approach to predict what will happen to SRG. Here are my predictions:

1)- short term neutral: I think the correction in the price of gold that is presently underway will be offset by the finally released results from the deep west drilling, remember those? In my opinion they are delayed because there is a lot to analyze and my feeling, judging by that,abundant visable gold comment are going to have been well worth waiting for.

2)- medium term- bullish due to a positive release of a 43-101 technical report.

3)- long term positive- very bullish due to being listed on the TSX and more high grade gold discoveries, not only on SAN Land but the SKP joint venture claims as well, as well as new highs in the price of gold.

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Feb 05, 2010 12:02PM
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