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The Company's Eagle Gold Project in Yukon Canada hosts a National Instrument 43-101 compliant Reserve of 2.3 million ounces of gold.

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Message: Gold Market Outlook & Junior Gold Stoks Including VIT

Gold Market Outlook & Junior Gold Stoks Including VIT

posted on Jul 18, 2008 09:02AM

Recent Comments from Jim Sinclair on July 16th:

Quality junior gold shares are reaching a point from which an expectation of 1000% or more on the upside is not out of the question.

IMO, Victoria Resources is a quality junior gold stock and at .55 C. If it goes up 50% of what Jim sees happening in quality junior gold stocks, you would be looking at a 5 bagger @ 2.75 C. I have personally continued to add to my holdings in this stock.

Jim also mentioned the following:

Gold is headed to $1200 this year and $1650 in time. The US dollar will trade at .62 and .52 on the USDX.

Today is part of the Greatest Show on Earth with a sideshow of Believe it or Not. The answer is NOT.

Gold has major support between $940 and $950. That should be it on this reaction. We shall see as I have only had two sessions to come up with an answer.

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