Re: conservative POG $8000 p/oz ?
in response to
by
posted on
Feb 13, 2011 04:46PM
Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE
I beleive instability is inching closer and gold will go higher. As I said before; prove up the Tesoro as quickly as possible and sell to get the maximum benefit for all shareholders including management. I dont beleive we have much time before the next crash is on us and I am guessing it can be as early as late this summer .
Inflation is just starting to kick in to what it will be, and a quick reversal will raise red flags triggering a sell off after we have a breif run of inflation. Look around you and talk to the people, to get the real state of world wide economics. Dont beleive everything you are told and read if its not from the everyday person that has a hard job dealing with the current inflation and jobs. Think for yourself, and it should be quite easy to see what we are heading for. It seems to me that so many people are like brainwashed robots and dont do this. These everyday people comprise the large percentage that have to deal with this, and if they cant deal with it, we slip back a few knotches. Gold and oil will keep rising although the market is correcting and the best securities to be in, will be the best of breed of these kind of companies. It will be a market that no one has seen before and there will be stocks wiped out as well as stocks that will make their owners rich, a bit of everything.
I,m a Canadian, but I see things here that are yet to hit the fan, and when our banking system starts seeing too many unpayable debts from the general public, because of overspending and inflation, another red flag will go up as these debt defaults go to the bottom line of the banks balance sheets.
This is what the world governments are trying to avoid, I hope they do, but I think their time of holding this off is getting short.
Lets hope SLI makes us rich quickly, before this happens.