TSX:SGR.UN - Post by User
Comment by
mbgldon Nov 05, 2007 1:46am
328 Views
Post# 13750295
RE: If It''''s Going to Happen...
RE: If It''''s Going to Happen...Hey Slug,
By your chart last year we had a double bottom at about $1.25 with gold being worth about $700.00 Canadian. When gold hit $790.00 Canadian in Feb 07, SGR was at about $1.36 and we slowly tapered down to our lows for the year as gold came off its high. I think that this is another head fake by SGR. We will go up, but not yet. I also think that this is not golds run just yet. No euphoria in the market for the pog. Don't believe the actual pog has really gone up that much in the last bit. Only relative to price appreciation/depreciation of currencies which isn't really an absolute price gain. Go to the bottom of Kitco and click on the Canadian $. Gives nice real time and historical perspectives.
At least I hope this is the case. Have sold about 1/2 my position in SGR and bought into VMS. Plan is to play its copper drill holes for maybe a quick double(not months) and then buy back into SGR down the road. We shall see. I still have a healthy amount of SGR shares, though only about 1/3 of FC treasure trove.
Hate to repeat myself but I think BBC's estimate for May-June 08 is fairly close. If they were smart they would release Q4/07 and Q1/08 results at the same time.
But hey, typing and clicking a mouse is easy.
Long SGR
Cheers