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Detour Gold Corp DRGDF

Metals & Mining Gold


GREY:DRGDF - Post by User

Detour Gold Corp
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Comment by Sharpie009on Aug 27, 2008 8:17pm
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Post# 15414967

RE: UPGRADE yesterday

RE: UPGRADE yesterday"Current gold price has nothing to do with long term or even mid term pog."
Are you nuts?   If the price of gold drops to $500 today (50% drop) the likelihood of gold returning to $1,000 in the medium term or long term becomes remote.  Current conditions although they may change certainly have an impact on future conditions.  Why do you think UBS and most other analysts downgraded gold stocks this month by using a lower gold price in their models?
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