Earth to PaulTiger / Gold Juniors prediction
in response to
by
posted on
Nov 13, 2007 10:52PM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
Just kidding you with the "earth to..." (I assume you can take a ribbing), but the link from caseno_98 you referenced in your post suggesting that the floor may creak and give way under junior golds is clearly labelled right at the top:
"Eric Hommelberg
May 30, 2005"
That would be nearly 2.5 years ago. I wouldn't call that a "prediction", that is, unless you're American Bulls. Wait a minute ... who's been using the AMERICAN BULLS CANADIAN TIRE TIME MACHINE ...
No actually, no time machine involved. caseno_98, bless his soul, really loves to post, and he loves to post the same text, in a huge clunky Courier font, over and over again. You gotta love the guy's enthusiasm! No offense intended, caseno_98 - your posts make me know I'm home at the KXL hub. Keep it up - and don't change the Courier font for love or money either.
For a prediction a little closer to our current epoch (fast forward 2.5 years, and it's 2007, November), here is an article from Wall Street Window that now makes exactly the opposite point - that junior golds are poised for a major breakout.
The site that hosts the original caseno_98 article you quoted, "gold-eagle.com", is a "gold bug" site, and such sites generally don't have great credibility. However, they do have a newer article on the topic of gold price itself (not junior golds per se). It starts out negative, but the article is of the nature of the usual gold bug site article - "it will definitely be raining tomorrow, that is, unless it is sunny, or cloudy, but otherwise we're positive about it being rainy." (Their authors need the predictive powers of the AMERICAN BULLS CANADIAN T ... well, you know).
The Wall Street Window site I reference is more general and I would say a bit more balanced in nature.
There are no guarantees, but it would be reasonable to say that at least a temporary bottom has been put in junior golds, and maybe much better than that.
I gave the current KXL TA sources about three posts ago. In addition, the $3.50 current range is below the $3.80 PP, and that is anomalous - normally the stock price is drawn towards the PP price for the period until close.
I don't know if that dashes your plans to acquire KXL super-cheap - if I knew we could just visit KXL at $2.50 with the AMERICAN BULLS CANADIAN TIRE TIME MACHINE and come right back, I'd say let's hop in and go!
I'll recharge the batteries right now, and temporarily unhook it from the Windows Blue Screen of Death perpetual money machine.
I hope you can take a gentle ribbing and extension of your idea. Thanks for your posts!