Re: Gold
posted on
Feb 04, 2015 11:05AM
Thankfully The Captain has given us the "all clear" to put our feet up and wait for the deal to be sealed. Goldcorp will obviously go to 35 in a few months...then oil stocks will be bought with those proceeds and triple, then we buy the gold stocks that have collapsed and net a 3 bagger. Phew...I feel better now. If he says it 6 or 7 times it must be true. I'm just mad we didnt get bought out 6 months earlier at $3.00 so we could have been told to short oil & Russia, go long the dollar, and stock up on limes. I foolishly hoped to see the assays so we could declare the new and proven "massive gold district" open for business offers.
I think Issac may have overpoured the Captains liquor of choice. Perhaps Gopher is now steering the ship?
Listen Captain, I hope your timing and analysis is correct for those that will follow. I just dont want the majority of my proceeds in Goldcorp. I would have owned Goldcorp. If gold rallies there are dozens of other names that will rally much more. If I want a dividend, there are safer, and higher, dividends. No idea what New Probe will really be...but I want to hold that ticket so Im hanging in there with a chunk of my shares. It will be my bonus if the "no's" dont show at the voting booth.
Its just the way these events unfold on the Venture. Nobody is above board, and back room deals are the norm. We all hoped to see the goods prior to the back room deal. Didnt happen so unfortunately we are forced to bite down on our wallets and just take it.
Now each of us must decide how to go forth...and where and when to re-deploy our capital. I wouldnt dare to tell you how the next 3 or 6 months will play out in global macro events. If any of us really knew, well, none of us would be long gold for the last 3 years I suppose.
Good luck whichever way you choose...DYODD...dont get too greedy or creative...and run the ball on the goaline (goal lime?).
-Kingpin