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High River Gold Mines Ltd HRIVF



GREY:HRIVF - Post by User

Bullboard Posts
Comment by Olderwisernowon Jan 22, 2008 2:26am
179 Views
Post# 14240133

RE: currency

RE: currencyValue always asserts in the end. HRG looks to have great value, all things unfolding as expected. The deflation of the asset bubble, will gyrate gold, but do consider that the last while has seen gold rise fast, and come back a bit. Seems like only a VERY short time ago, the TV Tout experts were debating whether gold could get through 600, then it was 700 etc. So it pulls back a bit. No surprise there. The question is where from here. My take: initial liquidation by small, margined and various other squeezed players. Acquisition long term by those who realize US has little choice but to open the purse strings EVEN MORE, leading to further declines in their currency, and increasing inflation. As well, gold production is on the decline, majors NEED more reserves, so that mid tier, proven up reserves, which can be mined profitably will be in sharp demand. HRG is in that group.IMO You only get the opportunity to buy into panic selling once every 10 years or so. Take advantage, if able to here and elsewhere over the next while, especially on panic drops. Nothing has changed, gold is going higher, for ALL the same reasons it started moving up years ago. IN fact it is worse now, with far greater upside.imo
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