TSX:SGR.UN - Post by User
Comment by
hydra100on Nov 16, 2010 10:08am
454 Views
Post# 17711864
RE: RE: RE: SAN GOLD EXTENDS 007 TO THE EAST
RE: RE: RE: SAN GOLD EXTENDS 007 TO THE EASTThis is not a company I would short if I had enough money to do so. It costs tons of money to short sell but if I could this would not be one I would.
SGR sp is based on price of gold and belief it is going up to 2 and even 3 thousand plus dollars per ounce. There are a lot of people who have gold fever and believe this. They also make no money as they cannot sell, that is why they call it gold fever, it is a sickness and cannot buy and sell and make money, just cannot sell.
Gold stocks are not worth shorting because I and most people do not know where gold price going. Some swear up, some down and the only thing we know it will come down sometime as it follows a cycle.
SGR follows gold price and not drill results so much as you see today. News out, gold price down, sp down.
As I write this gold price down $11.5 an ounce and sp down 10 cents.
Shold not SGR slow down drilling until gold price rises? Not if you owwn the drilling company. Make money no matter what.
Drill baby drill.