Post by
own_quality on Aug 31, 2016 12:19pm
Picked up 60k shares today
My weighted average is now at 0.47 on the TGD shares that I currently own. Looking for 0.55 as a near certainty in the next month or two if gold price remains in the 1,300 area. Should be a really strong quarter with the average price above 1300 (hopefully).
If we get to 1,400 spot I'd expect $0.62 conservatively on the TGD shares in $US. Liking the light volume on today's trading. Maybe the forced selling and dumping is over for now. If we break below 1300 on gold, I might buy more if it drops to $0.38.
I know anything can happen, but it seems highly unlikely that gold can break down much from here considering the pathetic state of the world economy and the banking/financial system. Huge upside with little downside risk.
Comment by
Platin2014 on Aug 31, 2016 12:55pm
good move. Too bad, that I have no dry powder left, I would have done the same
Comment by
Goldhound3 on Aug 31, 2016 1:07pm
Yup great move... I'm in at .73 so getting hammered right now and it seems every time I average down on a stock it goes way lower so just going to hold the course for now.. If the price is not back above .73 by Dec I will sell as a tax loss and buy more at a lower price in 2017 if they keep raising rates..
Comment by
bobofet on Aug 31, 2016 1:24pm
You guys are making me laugh and cry at the same time... so many of us bought Timmins way way way higher than where we at today.... your making us feel real dumb... signed still waiting for thay day.
Comment by
Goldhound3 on Aug 31, 2016 1:29pm
Ya but Bobofet didn't you buy when the stock hit .12....signed Jedi
Comment by
bobofet on Aug 31, 2016 1:51pm
I wish..... no I did not, I wasnt that lucky ... reminds me of a song,,,catch a falling stock and put it in your pocket save it for a rainy day.. signed thats an oldie