Won't be long
posted on
Jan 30, 2009 01:29AM
and gold below $900.00 will be a thing of the past. High cost gold producers just get better and better .... doesn't take much to double profits as the commodity price rises ... reducing production costs just makes things that much better.
Think we could see the next leg down of the market but I am not as pesimistic about its effect on our price. The cup and handle is forming rather nicely ... potential for breakout within a day or 3 .... onward and upward to near respectability ... +.70 takes us back to the pre merger .35 range which is where we were at ... at the time of the company's worst manipulation .... Then I believed our fair price was around .70 or 1.40 today .... I believed that because I believed gold would hit 1000 and they team would execute effectively... 1.40 remains my target ... with 1- 2 years
orgy