GREY:OLEPF - Post by User
Comment by
tony1969on Jan 28, 2013 9:29pm
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Post# 20902968
RE: RE: OLE was almost sold back in Q4 2011...
RE: RE: OLE was almost sold back in Q4 2011... It is a tough call on the price of gold arlene. They can just keep manipulating gold, printing money and sweeping all of the fiscal problems under the rug for who knows how long. A couple of good economic numbers and equities will continue their rally and gold will be unjustly punished.
A strong economy theoretically should bring inflation which is good for gold. Time will tell if the economy is gaining some steam but we do not have the luxury of waiting a year for this to happen. OLE's dormant property must get developed soon.
All the facts we have point to a higher gold price and we have been consolidating for about a year now so we may be close to a breakout. I guess we just have to continue having patience as we have had with OLE.