TSX:SGR.UN - Post by User
Post by
marketmineron Jul 22, 2007 2:26pm
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Post# 13130942
Too much focus on the US gold price...
Too much focus on the US gold price...The us gold price is only an indicator for SGR as it is a Canadian company doing business in Canada and all of its expeces are in Canadian dollars...
The pundits that view $700us gold as the launch date for gold stocks are missing the point ... The all time high for the gold price in Canadian dollars occured back at the end of Feb this year..... With a wimper..!
The fact is with the divergence in currencies worldwide, gold is trading at near its year lows even today! Gold will have to go to $766 US to "EQUAL" where it was at backin Feb in Canadian dollars ! Do the math... or failing that look at the Kitco 1 year charts in various currencies reative to gold.
John Emory is just a pumper in a suit...JMHO
He pumps what he can control and has a large low priced position in.
Had they given Sprott a cheaper placement with full warrants back a year+ ago he would love the story.
Many here await the next 43 101.... but the values of many non producers are run up and are pumped by funds and bumbs in suits with nothing except drill intersection.... why is the same not true for SGR..... only one reason... how much stock the talking heads own...Period!
The global float of funds available for resource stock is relatively small. Therefore there is always competion for market share... funds diverted to no partisipating stocks, outside of their portfolio are not just avoided but efforts are made to attract investors to their chosen investments. If you buy into the SGR story , you might sell some ARU or SWG and that would hinder the distribution of those stocks.... We are the sheep and never forget that! I'm sure all the talking head shepards tell their flock there is no such thing as mutton!.. JMHO