TSX:SGR.UN - Post by User
Post by
buzz07on Sep 18, 2007 12:22am
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Post# 13415495
I look forward to a .25% rate drop tomorrow,
I look forward to a .25% rate drop tomorrow,especially in light of The Bank of England's rescue of Northern Rock, catapulting Gold into the $750 US zone. And if the Fed does decide to stand pat on the rate I still expect to see Gold at $750 by early October.
SGR by the by is not the only lethargic gold stock; although with the recent results from Rice Lake along with the new mining model one would think this stock would have appreciated much more in the past few trading days. JMO
Gold is still not on most investors radar.