Battle between 0.05 and 0.06
posted on
Nov 08, 2012 09:27AM
The market needs to resolve this standoff. Watch the Bid and Ask. Steady buying and strong selling respectively at these price points. May take some time to work through. No one can predict what direction the SP will take after that. My belief is that once we resolve this level the general trend will be up. Since I am not expecting a Press Release any time soon, we could conceivably stagnate even as the POG rises.............We need a consolidation and stabilization. It is the changing of ownership from weak to strong hands. The reality is that we are still a few years away from making the long-suffering shareholder whole in an inflation adjusted price but patience is required. The recent visitors to the well and the financiers, should see a decent return if they are willing to hold for this time period.......... Not a popular concept but needs to be factored into your buying decision.............Cheers, Woody