OTCPK:ARLZQ - Post by User
Comment by
tradeitallon Jul 26, 2007 7:55pm
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Post# 13158147
RE: Buy signal?
RE: Buy signal?~Cavaet...strong C$ will hurt~
I dunno Smocher, while in terms of reported revenue it will affect ARZ, I suspect an upcoming surge in the price of gold will counteract the weakness of the greenback.
And, ARZ's current budget appears to be based on a spot price of $605 CAD; with strong resistance levels at $660 (currently), and $620-$625 over the last 200 days, this bodes well. As long as the grades hold up and there aren't any major production issues, this one's a keeper for long time..
IMO