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IBI CORP V.IBI



TSXV:IBI - Post by User

Bullboard Posts
Comment by bjhernonon Apr 05, 2010 2:43pm
211 Views
Post# 16957440

RE: RE: RE: No thanx

RE: RE: RE: No thanxEarly enough that I was able to average down, after my initial purchase and the subsequent sell down into the 50s. If you remember the East Asia Minerals run from the 40s to $5 last year, CTN has the same potential. Their recent drill campaign has lifted them through the $6 range and Centurian has positioned themselves around EAS and is still accumulating properties in and around them, and has recently announced that EAS's geologist has signed up with them to help map out an exploration and drill campaign.

As for the price of gold - I'm afraid that until the illegal manipulation of the metals markets is stopped there is no way to say for sure what will happen with the price of gold. Historically any weakness in the US dollar should send gold through the roof - but the current meltdown in the US dollar has not reciprocated a rise in the price of gold. When you have JP Morgan and other nefarious "big banks" selling millions of gold and silver contracts short to keep the price down, it's hard for anyone to predict what it will do.

Here's an interesting read on the subject:
https://www.marketoracle.co.uk/Article18386.html

Bullboard Posts