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Message: Buying Opportunities below $1.80

Buying Opportunities below $1.80

posted on Aug 05, 2008 02:17PM

Jefferam.... you got your wish - opportunity below $1.80. I was also looking for some bargains today around $1.79 - I didn't expect to get some at $1.65!!

Our SP is subject to many factors. I think the drop in gold price today was a major factor. I noticed that Dundee and Sprott were sellers today. On top of that, we have lower market activity while we are in the middle of summer, with half the people away on vacation and the other half preoccupied with covering for the ones who are gone. Add in the fact that we are still waiting for news, financial reports, 43-101, etc.

It really does make for a golden buying opportunity (pardon the pun). Whether we dip a bit further yet or not - who knows? However, in the big picture this will be a blip, IMO. Gold prices may fluctuate but will eventually return to previous highs and exceed them - world economics and politics tell me that. SGR will have significant news and positive numbers for us to rejoice over. And the share price will rise to new highs..... this is, of course, JMHO, but I'm sticking with it! My thinking is that we should be seeing all of this in the next six months.

Best wishes to all!

NorthLion




Aug 05, 2008 04:39PM
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Aug 05, 2008 08:48PM

Aug 05, 2008 09:29PM
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