Re: Is this it?
in response to
by
posted on
Dec 20, 2011 01:30PM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
I agree with you Jeff, when i saw the stock below $1.50 I was considering buying more. Since I had dumped all of my Moose pasture two months ago and only have a couple of specs that I want to keep remaining I am out of ammo. I think my wife would kill me if I suggested we buy more Sangold at this point with new money. (lol)
Like Silver said we are at the mercy of the markets and the big picture has not really changed much. I hope that gold can stay above 1550/1600 through the December comex option expiry and IMHO this will signal a new bottom. The paper shorts will have resigned themselves to this and will pick a new level that will be easier to defend. Probably about 20-30 % higher and probably fairly quick so they do not have to sell much between here and there. This is all just wishful thinking on my part.