TSX:LSG.DB - Post by User
Comment by
ERTguyon Oct 10, 2014 6:56pm
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Post# 23020665
RE:LSG not so bad as some have posted!!!
RE:LSG not so bad as some have posted!!!This is a great company from my personal perspective however I'm still awaiting an entry point. If you look at the price of gold, it seems to be in a descending triangle pattern. Sure it's tested it's bottom a few times and bounced back, however the bullish trends are continuing to get weaker. I suspect next time it touches the $1182 range it might break below it. The US dollar is bullish here, but who knows how long that will last. the LSG stock is also in a descending pattern, testing the $1 range, and again a few days ago at 97 cents with a dead cat bounce. That being said, I think this is a great long term investment. Something you can hold in a portfolio for 5-10 years and see significant returns. Just expect some downside before we start going back up IMO