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Message: Re: Debt Ceiling Impact - Your take?
2
Jul 26, 2011 02:27PM

Hi Stewie and welcome to perhaps one of the most informative and non judgemental stock forums on the web. I think a "solution", however short term, to the debt cycle reset we in the USA are experiencing will have a negative impact on the price of gold. If we "solve" the short term debt problem (actually quite laughable since career politicians are involved) then I would expect a short term correction in the spot price of gold. I don't think that will impact the share price of SLI for long. When a sense of stability pervades the market, after the "solution" to the debt thing is accepted, it typically would be negative for the safe haven aspect of gold. Therefore a drop in spot price for gold might be anticipated. However, when in reality we all know the solution is a fake papered over thing politically , the gold price could rise shortly therereafter. But, since we into SLI are an exploritory venture with no gold "proven" ( now don't go all crazy on me you SLI lovers) our share price still relies ONLY on the results from the hopefully now turning drill bits. If as I expect the core sample results are extremely good it will be off to the races for our share price irrespective of the price of gold give or take $20-40 dollars per ounce. Maybe even given $100 per ounce, which could happen at any time. If you got the good goods, spot price per ounce is relatively minor, excepting a titanic pullback of 20-30% per ounce. Just my opinion, but that is why no matter the spot price of gold I'm long and strong on SLI.

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