It's hard to talk and hold your breath at the same time.
Sentiment seems very low in the PM's and PM stocks.
The long term trend for gold remains up....short term bearishness is crushing just about every gold miner I watch
My expectation is that after the washout is done we will see higher prices for gold and goldminers....maybe much higher...maybe much much higher
In the meantime how low will it go....$1550 is not far away...I don't know
Considering buying here is not stupid in my opinion....personally i need more evidence of a bottom being in before jumping in
As far as SGR..i am praying that things are under control and they convince me and everyone else tomorrow that things are going well with the mining, developing and exploring operations.They absolutely need to meet or exceed targets now.i think people will be listening very close to anything about grade and/or recovery rates. As long as they continue to improve internal operations while all the external events play out we should be in good shape in the hopefully not too distant future.
GLTA