Re: Metals being sold to generate cash
in response to
by
posted on
Oct 17, 2008 04:45AM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
The current metal sell off is a temporary situation, IMO. It is a reaction by large funds to an unusual market condition and is leading to an irrational and unnatural imbalance. It CANNOT last.... but how much longer will it go on? - this has already gone longer than it sems it could!
I don't think any of us expected to be where we are now - SGR below .80! It makes no sense, but when large funds are selling in order to liquidate cash, and few are buying, it is affecting us whether it makes sense or not.
One of these days (hopefully soon), this frustrating trend will be overtaken by another, and juniors (in general) will quickly jump back to more realistic values. Meanwhile, company specific news (e.g. 43-101) may help SGR regain a better price level - hopefully our good news is not "washed out" by another wave of general market sell-off.
JMHO.
NL