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LAKE SHORE GOLD CORP 6.25 PCT DEBS T.LSG.DB



TSX:LSG.DB - Post by User

Comment by LexMark747on Oct 30, 2014 5:01pm
431 Views
Post# 23078947

RE:Reversal to previous prices in the near future?

RE:Reversal to previous prices in the near future?No doubt there is downward pressure on the precious metal sector. We have also entered the tax selling month of November where people decide to unload stocks that they think they have made a bad decision on in order to claim the tax lose on that or those investments. We are in the capitulation phase which will last 2 to 3 weeks. This doesn't mean that LSG will fall every signal day for the next 15 trading days. My guess is that LSG could go between 0.60 / 0.70 cents yet before the carnage is over. I'm keeping the shares I have for a long and strong investment and I will be patient and buy more as or if it drifts below 0.70 to 0.60 cents. I'm also expecting a sell of on the major indices ( TSX ... NYSE ... INDU ) once the mid term elections are over with in the States next week. Long story short, we do have mid term elections in the states so the government men have the price of oil down, unemployment down, The NYSE and the INDU rallying. This is all to paint a pretty picture of the economy so that the incumbents can keep there seats in the congress and the senate. I don't believe any part of this fairy tail story. There is no recovery. Stay Long and Strong with LSG and if you have cash on had be patient and let your next buy in come to you.
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