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Message: just my personal checks shared

just my personal checks shared

posted on Mar 23, 2010 04:50AM

Not too shabby compared with the XGD index, or gold. BGE listed at share price peak after pp. Worth doing.

1# volatility As is known, gold shares are volatile and juniors are worse of all. Even without trading, these have done OK.

2# no leverage yet to POG Gold has gone up, but gold shares haven't responded.....the gold:xgd ratio continues to rise, now at shoulder levels to the crash ratio. In theory, were the additional profitability of the gold sector to be recognised, this ratio would be going the other way, as shares are in theory said to have lverage over the price of gold.

3# money outflow for sgr long and hard, sp holds up....company strong

Then the sgr chart with money flows.....outflow is almost as bad as the crash, and has gone on longer, yet the price is up there in what techs call a bulls**t wedge. A nice consolidaton IMHO.

downside risk in POG or market crash is always there....best get out if you fear these two gig ones. downside risk looks low for sgr...selling run out of steam for sgr, and must be getting stretched for the gold sector as a whole.

I select this time to buy, and have topped up a good deal on SGR at around 3.35.....would have liked to risk a few more of COU at these prices, but held back as risk is higher with no drill results yet. I get the feeling not everyone is enjoying this passage as much as they might.

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