RE: Gold to much of a runGold price?? Nobody knows where it will go for sure: odds are over 2009 it either stays range bound or heads higher. Lower sustained price seems very unlikely with all the pumping, printing and eventual drop in US Dollar, combined with a world is disarray, not to mention the actual supply dropping with costs to mine an ounce going up. It all points to limited downside, with potential for big upside.IMO Moving forward over next few years: much higher prices for ALL commodities, because nobody has solved or even suggests that the worlds growing middle classes in BRIC countries and others will not increase demand for almost all commodities. We are in a recession/depression or whatever it is eventually called. But it does not resolve this issue for more than a very short time frame. Result: oil goes back up, gold even higher, and food prices in particular head up again. IMO Another BIG mover could well be that the rush to put money into what SEEMS safe U.S. Treasury Bills, ends up being the ultimate fools game. Rushing in to get NO INTEREST and giving your money to the MOST IN DEBT ENTITY in the WORLD is an interesting thing, and shows just how non objective most people are when viewing the current financial crisis. They may well always get their paper back, but it might have little value, or worse, the US actually freezes up in terms of finances, as unthinkable as it sounds. Of course much of what has gone on in the last year was previously unthinkable. So best to actually really think about that, versus being a sheep.IMO
HRG: odds are it goes up for valuation(controls real assets in both gold and silver), production, reserves, deals, currency moves, gold price, and new management instituting sound practices. Profit sometime in 2009 IMO.
As for fools buying at .14 or .15, I guess that must include the current investment/management group, which controls this company and invested less than 2 months ago, at was it .20 or more per share? That by the way is only about 40% MORE than todays price. So who has it right on that investment? OR maybe ask why they would have done that, when gold was at a lower price than now?
Many continue to view this by looking in the rear view mirror, so they trade on a penny or three. Maybe they are right, but I suspect very wrong. It is a value play, and speculation on gold price over time, staying high, and quite possibly moving far higher. If that view proves to be correct, the price could easily move back up over $1and toward $2.IMO HRG is worth more than .15 even if gold drops back to $750 range.IMO
So many can still profit here.IMO Or they can wait to buy the shares of those who are seriously accumulating for this longer term picture as it unfolds, and the VALUE becomes oh so apparent. IMO I see the price action now, as nothing more than a very controlled steady move that shakes out most of the weak hands here, and accumulates shares where the big money will be made.IMO When many here said buy at under .10 it is ridiculous, others were waiting for confirmation or their charts to say buy. They are probably now waiting for it to get back to where they thought it was high then! Whatever works , I am happy to watch it gyrate, pull back, or just as likely gap up. Over time: HIGHER PRICE. IMO EOS