GREY:CCNMF - Post by User
Post by
AARMYon Nov 13, 2008 11:04pm
425 Views
Post# 15585499
The Globe and Mail and Gold
The Globe and Mail and GoldThe Globe and Mail is a newspaper. Newspaper print only what sell's and only state after the fact. Very similar to analysts who place target prices only based on momentum.
In my opinion, once the markets stabilize, sooner rather then later is my guess, Gold will really move. I don't think we've seen Gold's high's yet. All this money being prined will be eventually be inflationary as nobody is going to be buying US T Bill's with no yield. Inflation will return in 2009 and Gold will soar.
On a CAA note, I do expect a new's release Friday or early next week at the latest. I am personnaly expecting a number in the mid $2 Million's. The real excitement relates to the court case and the speculation around past profits at the 777. I am hearing that by mid- December we will have a really good idea of what we feel we are owed. This brings us one step closer to settlement. It's nice to see Hudbay finally stabilizing at their "cash value". With $850Million in the bank you'd think another company would be interested in their cash. This also could bode well for us. The question is, would anybody (HBM) be willing to accept a "share offer" in this market? I'm sure Teck would happily like to offer all share's for HBM's cash?? Crazy market. I expect to see $2 again very soon, even with a crappy market. If the markets stabilize and go up 15%, then $4-$5 isn't out of the question within 6 months.
Good luck patient longs!