Re: Yesterday's presentation
in response to
by
posted on
Nov 06, 2014 06:54PM
Future Price
Putting price into perspective.....if you beleive gold will stay below 1200 an ounce then maybe lighten your position over the next few months on all gold stocks.
Everyone looks at today...but if your in it for the long haul...then buy DGC on the Dips...this has served me well....it has 0.5 to 0.6 dollar swing factor. Nice thing is, Gold price is 24 hours...so you can judege within 0.20 where DGC is going most days.
Why is DGC above 6 bucks ( when they have a mountain of debt and are barely making ends meet )...same reason PRB is at 2 bucks...investors see a 20 year mine life for both of them.
In 20 years gold will be at least double...or triple...just a guess.
DGC will get taken out at 1300 gold you watch !! And it will go for about 11-12 bucks a share.
So as I have said before:
I think 8 -10 bucks written all over it.
So as I have sai before...if I was 50 % on the land I would take Shares and options plus a little cash ( you gotta feed the cat ! )
Well, time for tea....yes it's that time. Time and Tide my good friends Time and Tide.
CT