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Message: Gold has been going down...

Gold has been going down...

posted on Oct 24, 2008 09:44AM

I think that these drops in the POG have happened because the hedge funds that held paper gold shares had to sell at any price, so that they could get money for redemption to people who wanted to bail out....

Now I believe that those trades have transpired, and that gold has hit a bottom that it will start it's climb back up towards $1000.

Any of the gold stocks should go up with this "rising tide"...but the ones with great drill results will fare better than other juniors...

RBY is well positioned for this rise....and a few more great drill results can only make the "train" pick up some real speed!

Best Regards,

Long for Cash

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