RE:RE:Easy moneyYou may be right blobboy, I am a heavy trader and do on avergae more than 15 trades and sometimes 30-40 trades, greed kills from experience and I go in and out for 5% to 10%, that is mostly dimes and quarters or even pennies and have no problem gettin in again higher if there is more dimes. The reason I don't expect ELD to exceed 7 at current gold prices till futher favourable news is this -
ELD declined from 9.30s to 7.04 before theGreece news , that is after the earning and guidance release and downgrades. So at currrent gold price I see no reason ELd will exceed the SP as it was before the minister comment, if gold goes to 1300+ may be we see 7.25- 7.50 for a brief time with higher TSX. Note nowadays miners track commodities as well as the index to an extent.
Before this case is resolved we are going to be subjected to good and bad news that will come out of Greece re- mine news and the new government commitmenet to adhere to international norms or lack thereof.. Keep tracking government credibility and how they handle talks with EU partners and IMF regarding bending matters as this will give some indication as to how they handle ELD case, If thy are rogue then expect the worst