Re: Beacon on sgc..new target- chris
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by
posted on
Nov 14, 2014 01:18PM
Edit this title from the Fast Facts Section
I was pasting a pdf so no it didn't paste well. Well...gold itself looks week and if mkts. continue higher then so will the dollar and gold could sink so until gold gets going if it ever does then gold stocks will be weak imo and targets drop as margins get leaner. Ngd itself if gold goes should be great espec. when RR and others come on...El Morro as u know is a pain at this point. The latest aqusition should be really good and add to oz\s and not so much to cost. I think very well positioned but need gold to go...prob bottom not in. There's talk about Putin creating havoc this winter by demanding payment for gas/oil in anything but US dollar so what will that do. Casey Research has a buy but I guess take it for what its worth untill gold shows that it will go. I said before everythings in a pickle so to speak, so not buying at all, anything. Talk from what I gather thru reading is late next year for signs. I still hold ngd and will just continue but won't add until gold gives a sign. Their projects are amazing but only amazing if gold goes and won't even get under way at these or lower prices. Def. stealing these projects in good mining jurisdictions and latest right in their own back yard. It's diff. holding considering where we were and espec. with dollar still going and fed not ejecting money...that we know of....so where it ends not sure. Guys like Sprott are adamnant that it is the place to be but so far since the top their advise isn't so hot. Will inflation event. kick in...I guess if the top guys can't nail it then itr's tough for us to. I don't know if I'm missing anything on ngd but if cost per oz is a guage then we have one of the better ones to survive where others may get taken out.