TSX:LSG.DB - Post by User
Post by
Hefféon Nov 06, 2014 8:04am
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Post# 23100946
POG forecas
POG forecasI've been reading articles here and there and there is a consensus among analysts that gold still has a bit more to drop. Some are betting around the $1000 range. What they say is driving the drop is not just the strength of the U.S. Dollar against all the weaker currencies but it will mostly be because of investors sentiment against gold and the loss of faith in a rebound. Investor are pulling out in droves which is dropping the price and demand for the metal. Now the hope is that bargain hunters will help hold the lines but if gold is indeed going to drop further I'm betting the bargain hunters are biding their time.
Due to the recent SP drops I'm invested with this company for what seems is going to be a long position. I've always had faith in LSG and will continue given all the targets met and soon to be exceeded. I just didn't plan my exit right.
Weve all all said it before, good luck to the longs. The fundamentals are here and that is what we invested in.