TSX:SGR.UN - Post by User
Post by
daddy777on May 19, 2006 12:24pm
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Post# 10877485
New Money
New Money
The smart money is getting in now. This of course means the smart money (goldman sachs) is also unwinding their huge short positions in gold, as well as providing an opportunity for the institutions to take their positions. The fundamentals for gold have not changed one bit. This correction was bound to happen since we ran up too fast. Just wait and see what happens in the world around June 6/06.
What does this mean for SGR?
IMHO, once the decline has ended and POG has stabilized, we need SGR to deliver the goods in terms of production, defining new reserves and profitability. What worries me the most is the second quarter numbers SGR will deliver once they actually start pouring gold.