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Canadian Gold Resources Ltd T.CAN


Primary Symbol: V.CAN Alternate Symbol(s):  CDNGF

Canadian Gold Resources Ltd., formerly Amseco Exploration Ltd, is a Canada-based gold exploration and development company. The Company is focused on advancing its 100% owned gold properties in the Gaspe Gold Belt of Quebec, Canada. The Company is the owner of the Lac Arsenault Property, the VG Boulder Property, and the Robidoux Property. The Lac Arsenault project is located in the Gaspe Peninsula of Quebec, approximately 25 kilometers (kms) north of Paspebiac and 58 kilometers from Bonaventure, covering a total of 4,118 hectares. The Robidoux project is located in the western Gaspe Peninsula, Quebec, covering 1,940 hectares. The VG Boulder project is located in the Gaspe Peninsula, Quebec and covers 14 km along the prospective Grand Pabos Fault, spanning approximately 5,787 hectares.


TSXV:CAN - Post by User

Post by kingyahooon Sep 24, 2010 12:47pm
347 Views
Post# 17489172

Gold Setback

Gold SetbackFirst, I was out of of the CAN yesterday.Why? I ha ve my reasons and it goes against many on this board who have no, or little concept of taking money off the table. Most importantly, the timing of it. I take profit like crazy during long periods of high volality. Yesterday, one analyst said, in response to a BNN question, that his company is taking profit and is also cooling off on gold. I agree and I sold after picking an earlier bid at $3.83 later in the day after buying back at $3.85 earlier.

Natural Gas was up and I guessed it would be down this morning. The excuse I heard on Bloomberg is ridiculous as all excusesare  from analysts on BNN. Gas is down because the hurricane threat has cooled down. Does any of you believe in that rubbish? I do not, but I know many of you would listen.Right now  I am not interested in gold I would not buy CAN at $3.80. Instead, bought HNU, a natural gas EFT.This morning, and  bought from a high of $4.07 to a low of $3.98 and have a bid for $3.95.

O.K. some sourpuss would post and would say something very stupid. This is how boards are. Now, about CAN. I am watching and I believe it could be had around $.3.50. Not today. I would not explain why I believe so. I also know I could be wrong. Yesterday  I got the signal when gold went reached 1300 bucks and CAN moved one millimetre, only to fall back two centimetre. Other well-established and proven gold stocks did better, but not great

I would like to read from anybody who could make a counter argument. Thank you.
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