Sitka Gold Corp V.SIG

Late Spring Early Summer Buying Opportunty!

[givemeabreak1]

Might see .12 in the next 6 weeks so keeps some cash on hand for a buying opportunity.  A truck load of shares may come free to trade so have some dry powder.  MIght see some good drill core onces they get going in the Yukon but they will be quite some time yet!

[Westcoastwalker]

I am not so sure we will see sp falling. The Prez is buying on the open market at .18 recently, drilling on new claims which could be a Carlin type elephant imminent, drilling in the Yukon to expand in the 16 g/t imminent and the pp shares can't be traded until July at which time we will be waiting on assays.  A major market crash could drag the shares down initially but gold related

[looking4details]

Even though givemeabreak may have a point on a trading strategy shorter term, I agree with your investing strategy approach longer term westcoastwalker.  One point that you brought up, that I found interesting, was the crypto market......maybe a little realization of potential  trouble their way, could result in some interest in the gold/silver market.....both offer potentially oversized

[givemeabreak1]

I am not so sure the crypto thing will have any affect on gold!  However, Basel III goes into affect end of next month for gold.  It will move gold from a tier 3 asset to a tier 1!  So right now banks can only count physical gold as 50% as far as cash on hand for lending purposes.  So there is no incentive to hold physical gold.  When B3 takes affect the banksters will be

[looking4details]

Agree 100 % with Basil III and the positive effect that it should have.  Funny how they call it a tier 1 asset now that they successfully shifted a lot of their funds into gold.  The big question for me, is how do they plan to play it?  Buying physical gold is a one time commission for them, maybe the stocks is where they plan to focus?   People are slowly waking up to the