Re: KXL and the future of gold..
in response to
by
posted on
Dec 10, 2008 06:39AM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
hrattler..
I gave you a thumbs up for your posting because I agree with what you say..You are a deep thinker with the ability to convey your thoughts better than most,showing me that at least you are an educated scribe..
But when you say...
I expect gold to trade in a range over 2009 of $6xx-$9xx /oz. averaging in the low $800s. A large range because volatility throws a spanner in the works and we have no real experience with this.
I think that you estimate a tad low on the average..but maybe that is wistful thinking ,but the way the different countries are printing money the big "I" bogyman could jump out after the inauguration of BO and gold could take off..throwing your average out of whack.
But that again is supposition..
With the big upsurge today in the major gold producers,I believe we are riding their coattails up..that is good but would like to see the big NR that will lift us on our own merit..
What we need here is a sustainable bull market to get the share price up but alas I fear we are in a bear rally which is a traders market..not an investors(hold plays) market..so I will continue to tipple on my Ripple and wait..
The board is interesting this morning and I commend the participants on their comments..yes..even Burx..It takes all kinds and he/she /it has an opinion that is valid..
PORTEE