Re: Getting worked up over nothing
in response to
by
posted on
Jul 27, 2008 09:00AM
(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)
I think we investors are all frustrated and can't help but worry. I think at this point there is nothing you can do but be in or out, and as painful as it was to have to sell some shares last week, I am still in. Once I finish my move and don't have to carry two mortgates, I plan to buy back what I sold, and then some. I am worried that I won't be able to do it at cheap prices...
I am certain that my view on US economic slowdown, rising inflation and deteriorating confidence does bode very well for gold. The losses in the investment banking side have affected our sector, and seasonality has too, but I was surprised at the lack of investor activity lately. The money has dried up, and nobody wants to invest in a water pump?
But what reason do you have to worry about the future success of the tyhee properties? There will be a mine there in a few years, and it will be producing revenues... Gold will be worth more than the baseline in the PA, perhaps much much more. THis is why we are into this, and while many like you have been in this far longer than I, I thnk we all need to re-assess what we are spooked by. Is it something wrong with Tyhee? -No. Is it something wrong with the future value of gold? -No. It's something wrong with the US economy? -Yes. Very distruptive to the entire investment world, but when the chips fall, Tyhee has value. ANd I belive enough staying power to come through this rough patch the junior sector is facing.
Hang in there!
SKELEG