When others have fear get greedy, when others get greedy have fear!
posted on
Nov 22, 2008 10:22AM
This is so true especially with gold its funny because the very thing that should be driving gold down is now becoming a gold allie. Deflation should have had us at about 600 US instead we are climbing i firmly believed one thing would keep gold prices up and that was fear and this last week we saw fear. Now that gold is starting to break out and there is so much uncertainty, and will be for a long time to come, gold prices will definately hold above 700US for sometime, well above, anyone who says there is no goldbull and its over for gold is full of shit pardon my french. The economic situation is bad, very bad, but at these prices the risk is worth it either the world ends or it don't and if it don't some of us will be much better off. My theory is last week we seen gold producers jump most noticeably the seniors but as this bull run in gold extends the appetite for risk will trickle down reason being juniors are extremely undervalued Metanor is ridiculously undervaled. So intime i believe in a short time the boys on baystreet will jump into the junior sector. The seniors may produce 50-100% of their value, potentially more, but some juniors could see their stock prices jump 500% and higher i beleive we are a candidate for this. We are becoming an attractive little company to invest in, the potential is just to great!