Buy when assets are cheap.Nothing much has changed here, other than minor delays, and because of the currency and other inflationary items the costs are rising. They are rising all over folks, which if you think about it is WHY gold is not going down much any time soon. Remember, wasn't it just days ago, that gold was going to go much lower. Weeks ago it was going much higher! Reality: NOBODY knows for sure what gold price will do in an emotional market with traders moving price up and down on a VERY SHORT term basis. What some just do not get is this. Gold is in a long term bull market, just like oil and many other commodities. All the talk, tout TV guys offer absolutely NO valid reasons for this to change over the mid and long term. ALL they do is babble on about the short term and as usual get it WRONG. Gold is over $900 THAT IS REALITY. Look at long term chart, the surprise is that it moved up faster than expected, not down. All it seems to do is move UP and then settle back and move up again. Show me a real change in that, and I will change my views on what is going on. How does it effect HRG and current price? Odds are that Gold continues UP not down over next years. There are no new major gold finds, (has not been ONE in over25 YEARS) and reserves are being mined and production is declining, not increasing world wide. Cost are rising. Price trend must be up, or it defies logic, unless you see all the current issues pushing price up being resolved. It is almost good, in a wierd way, when mines like HRG are a little late in ramping up, as the price they get looks to keep trending up, and value of assets will as well. Result: HRG will bottom on emotional selling, price will resume trend up, and many will do very well.IMO
Nervous crew are being flushed out. Goodbye, wish them well. I see same as previously stated: HRG $5 or higher over next 17 months.imo Forget short term, it means little, other than a buying opportunity, here and elsewhere.imo