RE:RE..Im all out
cueball40 wrote: ya see best part is that i have made nice $$$$$$ here but it dont mean im not getting back in ..all im saying is market makers are yanking this down i mean there is no big chunks being dumped its just 100 share lots and believe u me they can do this all day and next thing u know SGD will be trading at 2.00 or lower... remember there all crooks and you and I both know that so be carefull i can always get back in at lower prices plus price of gold really sux
A lot of truth in what you say. They can basically do whatever they want with the share price. The gold sector is beaten up pretty bad and it probably won't get any better until the Fed is done raising interest rates early in the new year. Hard to believe with all of this inflation that gold is getting hammered like it is.
Capital has fled gold and the gold sector over the last 6 months. Luckily SGD made a huge gold discovery and sent the stock on a good run. Definitely one of the better performing gold juniors out there. Short term I'm not sure what will happen to the share price of SGD. The last drill intersection was phenomenal and the stock did nothing due to the poor market conditions in the gold sector at the moment. The market sentiment is very negative right now.
I think looking out a year from now SGD and the gold sector should be doing a whole lot better. Great gold discovery that should see the eventual valuation of Snowline at multiples of the current levels. I'm holding in there myself. I'm not selling one of the best gold discoveries in recent memory. Yes it could go lower but I think it will be short lived.