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Exeter Resource Corporation T.XRC

"Exeter Resource Corporation was incorporated on February 10, 1984. It is an exploration and development company. It is engaged in gold deposits in the Maricunga district in Chile, Caspiche project."


TSX:XRC - Post by User

Bullboard Posts
Post by crytonon Nov 04, 2009 11:31pm
303 Views
Post# 16454813

Gold price charging again

Gold price charging againI think it tells us something.
That there is too much debt and it's driving investors to buy gold bullion even at $1082 US an ounce as a hedge ,in addition to all the uncertainty and political instability in countries that are major oil suppliers in the middle east.
What happens if this trend reverses itself?  As we know from recent events nothing goes up forever the same can be said for the price of gold.
what sort of an effect would a substancial fall in the gold bullion price have on Exeter's  share price at this point?
say back to $900 US an ounce?
Cryton
Bullboard Posts