Clifton Star Res Inc CFMSF

Where is the Price of Gold Going?

[jermiah777]

That is the crucial question.  If only we knew for sure.  If the 1198 price of Gold a couple months of gold is the low, and Gold is going to start back up towards 1500, then Clifton is a strong buy. But, my concern is I am not so sure.  When you at the 10 year graph of Gold, it climbed steadily since 2006 with the exception of the financial meltdown late 2008 that brought gold back to 700 or so,  but then it climbed all the way back to 1900 over 3 years.  But now it has steadily declined except for some occasion climbs back up, but only to go back lower.  So the next few weeks will decide.  If Gold goes below 1300 or 1250, it will signal to perhaps many around the world that it is still in a long gradual decline and it will break through the 1198 LOW.  Perhaps going down to 1120 or 1100   If that happens, that will be the time to buy CFO, for I would venture a guess, that CFO could be purchased for 17 cents.   But, like I mentioned, if Gold keeps climbing, then this may be the low.   If only we could see the price of Gold for a certainty 6 months into the future......

[mahoney8]

Gold could trade sideways for 2 years before making its final rise - it declined 50% in the late 70s prior to the 1980 explosion - the scale we are dealing w now.. no telling how high it could go - https://jrmining.pinnacledigest.com/ protect yourself from the pitfalls of investing in juniors on the TSXV - the above is a free eBook - Clifton and many other juniors are discussed, including the

[rborhi]

If the price of gold goes lower, it will cause the shutdown of some higher priced mines where the cost of producing an ounce is close to the value of an ounce.  That has already been happening. So, gold production will decrease, and when demand picks up again there won't be enough gold, and the price will shoot up again. Simple supply and demand.  Right now we are in the bottom