RE: rememberJet... If there is a correction waiting for gold, it will be a blip on your screen so its not like it will fall to $500/ oz. and keep falling. The gold equation is complicated but imo it is going much higher because the global currency dynamics have flipped. Gold happens to be what the crowd will use for declining asset protection and they need a lot of that. Gold is also a declining commodity, we aren't pulling it out of the ground as fast as we used to, so that's a physical benefit to this equation. This gold move does not involve any mania. It has been a very orderly ascent. It is real.
There is a lot of bullish talk about gold mania and its higher price targets which are being pressed daily but EZ and any other mineral company that is looking to go into production are not suddenly moving because gold hit $1000+. Yes, the higher price will affect the profit/ oz. for these companies but first let this company provide proof that they have a viable product as well as the ability to fund the extraction program.
Let's be real, it is speculation which drives these types of stock plays. Sudden permit approval to mine a property is huge news and has a price. Speculation also has a price effect. Good results in AUg / ton is the main catalyst for massive price appreciation. All that we are doing right now is allowing the speculation to drive the pricing. What price would the layman pay to own an EZ ticket? You can see that battle daily with much more to come imo. The clock just keeps on ticking.
EZ has possibilities, maybe great ones at that. Let's get to 2nd base before we behave like we hit an in-the-park home run. I'll play the EZ game, its got potential and that's all I can ask for right now.
Take care. Stay healthy. Buy speculative gold plays and prosper.
JH