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San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.

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Message: pleased

pleased

posted on Dec 20, 2009 11:17AM

Well I'm pleased with this stock - especially after last quarter's solid production, and finding more hinges, I see the dawdling on TSX lisitng & resource as an opportunity.

In around SP1, now SP3+. I could have traded better, but I've been adding lately to my tax-free account.

We are just above the 50DMA with a fairly neutral RSI - I like the buy and sell price action approach, trying to emulate the bankers, with gold and gold shares, so I do have some cash to employ if SGR/bullion falls further.

I have a small investment in Maudore (venture), and that took a ridiculous hit down along with SGR, then a massive rebound late Friday, along with a load of other gold cos. This move up wasn't really accompanied by much movement in gold - it all strikes me as aided by manipulation and insider knowledge - any decent stop on Maudore and I would have had my shares taken from me.

On the KITCO site, the global currency gold price (gold adjusted by USD index) has just come down around the previous peak when gold reached US$1000 for the second time in Feb 09. I'm thinking it will be interesting to see if this global currency 'support' might hold.

http://www.kitco.com/kitco-gold-index.html

If Ted Butler doesn't know the immediate outlook, sure thing I don't.

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