Healthy pull back.....After 5 straight days on the up tick, a healthy pull back has come. If you are not in GCU, this week may be your final week to get in at these prices. As history always repeats itself, you do not want to be out when she starts moving again, cause we all know, when she moves...she really, really moves!!! The 2 week period for news is coming so I expect drill results very very shortly....I also see a financing coming, and I wouldn't be surpised if it's a bought deal from the big boys like GMP, Cormark(Sprott) or Fraser Mack. If it is a bought deal, that will show you the faith the big boys have in GCU. and she will fly!
If you are long and are getting frustrated by this pullback, turn off your monitor, and open it back up in a few months, or if you have extra cash lying around put it to good use. Ladies and gents, we have a winner here, and don't let ANYBODY tell you otherwise!!!
As for predictions on share price as stated by a previous poster(sorry can't remember the name), I am holding on to my conservative $4 to $6 bucks by end of 2011. Fraser Mack already has a short term target of $4.70.
However, if we do have the 10 mill oz, that all the experts say we do, than we can kiss the single digits goodbye, and we are off to the races.
GLTA
May we reach the Heavens!!