Did anyone see Rick Rule on BNN last night? I thought he was very interesting to say the least! I didn't see the first 1/2 hour but he is a real believer in gold and commodies.
He said that this was a very exciting time and the best buying opportunity for many companies that he has seen for many,many years!! The key is patience. Buy now and just wait it out, assuming you have the time to do so!
As for Argonaut, I think that they are not at fault for the SP drop. Virtually all gold companies are in the shitter now because of the drop in the price of gold , which is down for a number of different reasons. I'm not buying more AR, because I have enough but have been picking up Premier Gold at these depressed levels especially when you look at analyst price targets.( Scotiabank is $8.50 )
Before too long we will start to see more positive movement and a march back up to smiling territory!!
Until then we ...wait.
Rico