posted on
Oct 07, 2010 03:26PM
TYHEE GOLD CORP
(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)
Message: Opinions
RexRex,
Tyhee is not yet a gold producer, so the daily changes in the POG are irrelevant. What the price of gold is when Tyhee goes into production, and what it is when Tyhee does a Bankable Feasability study, matters. That's next year. If you actually do follow this forum, you will know that there was a massive liquidation of shares in recent weeks, pulling the share price down to absurd low levels. yes, we are all waiting to find out how the Private Placement went.
But other than that, and the news on what Tyhee will do between now and DAR submission, not much is going to happen. Share price may well return to the '20s once the PP is behind us. In the mean time, the daily swings in the POG are less relevant that what the US dollar / gold relationship will be next year.
Do you really thing the US is going to "spring" out of recession? My bet is that there will be more QE, and the dollar will break below 70 before Xmas.
Not much to do now but accumulate shares if you think Tyhee has a good shot succeeding. But it's a long haul and frustrating if you watch it on a minute-by minute basis.
Good luck.
SKELEG
2 Recommendations
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