TSX:SGR.UN - Post by User
Post by
buzz07on Sep 22, 2007 1:13am
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Post# 13447667
Focus on the time line: Not the $$$:: Go SG
Focus on the time line: Not the $$$:: Go SGBefore that though, I do realize $2300 gold seems impossibly high today. But we shouldn't underestimate the power of secular bull markets. Believe me, six years ago this month when gold was trading under $295, $725 seemed impossibly high too. Yet here we are. Long-term bull markets are governed by supply and demand. And since it can take a decade for gold miners to respond to high price signals by bringing new mines online, the gold price can go much higher and stay for much longer than most imagine.