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Bullboard - Stock Discussion Forum LAKE SHORE GOLD CORP 6.25 PCT DEBS T.LSG.DB

TSX:LSG.DB - Post Discussion

LAKE SHORE GOLD CORP 6.25 PCT DEBS > Obviously not making money!
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Post by kingyahoo on Jun 22, 2013 4:08pm

Obviously not making money!

I am not going to waste time panicking. It is not my style. I can afford to take a hair cut at avergaing .21 cents if I have to, But, I doubt it. Look, if you guys and dolls do not know this game played by the Big Boys, then you have had the biscuit.

It was a well-coordinated move. They were willing to bring the SP down and bought them themselves. It was a perfect orchestration. Personally I noticed it  a couple of minutes before the bell. Normally I have have  BIDS all the way down to a realistic price. In LSG case, I would have BIDS down to 10 cents.

All this in the absence of bads news, unless they are magicians. Simply impossible. Now go banana if it is your style. I am cool. Have a nice week-end if you can.

Comment by LexMark747 on Jun 22, 2013 7:46pm
Here's the thing.   Keep focused on the price of gold itself....we are now in the last leg down which i epect to get to $1,150 an ounce.  June usually brings in the low for gold on the year.  Expect 5 to 7 more trading days of a gut renching reaction while it approaches $1,150.   Once it comes down to this figure expect a $300.00 to $400.00 rebound which will ...more  
Comment by Valentine_MS on Jun 22, 2013 9:27pm
Gold has no obvious chart support till $1050, and as the last two legs down have demonstrated to anyone who did not already know Gold is a very technically driven commodity. That may not be the bottom, gold has really just started a secular bear market but I would expect a rebound off of $1,050 for a month or two and then it will make another try below $1,050.  Then it all depends on if ...more  
Comment by LexMark747 on Jun 22, 2013 9:55pm
we have been in a secular  bear correction for almost two years now.  1974 to 1976 ... gold went from $200 an ounce to $100 an ounce .... a 50% correction...... then it went from $100 to $850 in 4 years.......thats where we are now .........in a  Secular bear correction and its coming to an end sooner than later.......
Comment by BrahmaViddo on Jun 22, 2013 10:55pm
And if gold sits at $1200 for 5 years.... what wlll happen to LSG ?????????????????????????
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