GREY:HRIVF - Post by User
Comment by
discernon Jul 05, 2010 4:16pm
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Post# 17244763
RE: RE: RE: looks like we are heading to the .60's
RE: RE: RE: looks like we are heading to the .60'sI don't think that the window is finished. Although I expect a continued bearish market, I also think that gold will continue to hold its own which in the worst case scenario will be seen by most as a very attractive option.
I think more and more attention will be given to gold miners as they are some of the few companies that will be in growth positions with strong balance sheets. By the fall or into winter, I expect that even if the rest of the stock market remains low or falls, that renewed interest to preserve wealth will be placed in mining stocks.
The market hasn't been too kind on many juniors and not just HRG. A good 2Q should begin changing that particularly when other companies begin to underperform their targets.