GREY:GDPEF - Post by User
Comment by
3woodon Sep 17, 2008 11:58am
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Post# 15462843
RE: Article John Embry, Chief Investment Strategis
RE: Article John Embry, Chief Investment StrategisThis is a very interesting article and provides us with some hope but little indication on timing. Many people have said the price of gold is being held back by institutions but for some reason no one has launched a class action suit or proposed policy changes to curb the practise which in today's world is very surprising. Anyway it's true that GL is in some ways a victim of the market but to me that just makes me think the company should re-consider their selling price as right now there are a lot of good quality companies for sale and basic supply economics tells us the price goes down in that situation. My big disappointment in the article was although a number of companies were mentioned I didn't see GL anywhere ( maybe I missed it but I don't think so ) and there is no way each of these companies paid Mr Embry to promote their company. Although the shareholders have told the company over and over their story must be broadcasted to a larger group of interested investors again we get omitted. I really would like to see a general vote on the proposed selling price as I think anything over $10 is unrealistic in this market and if the company holds out for more then the shareholders will be waiting a very long time for a payout. Have a good day.