GREY:DRGDF - Post by User
Comment by
Sharpie009on Apr 25, 2008 12:03pm
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Post# 15009653
RE: Current downtrend
RE: Current downtrendI don't see a downtrend yet. Looks more like a sideways consolidation movement. If it breaks down to the $14-15 range or below then I would concede that their is a downtrend. The driver of this stock is and will continue to be exploration results. If the results continue to meet and exceed expectations I don't see a price decline as a major risk even if the price of gold weakens in response to a stronger US dollar. I fully expect gold to trade in a fairly narrow band over the next few months . You can count the number of 10 million ounce deposits that are situated in a politically stable area on one hand . Detour and Osisko are both in the target sights of the majors.