Beachman's commentsI was examining GLD's price chart over the past 6 months or so and it is very very clear that the spike and rise in GLD's share price in November corresponds directly to the success that TRR had with drilling at their Cote Lake deposit. To me that means a huge chunk of GLD investors are in GLD because of the TRR factor and not because of Jerome or some nebulous trends defined by black box magic and 37 centimeter drill intersections. Clearly management has changed their strategy and are now more focused on the North Shore area but that doesn't change the fact that the investors that bought late last year are in this stock for the TRR play. That's why I'm here and why I was cautious and waited for drill results before making any purchasing decisions. Looks like they've gone back to square one now IMHO.
I really don't care much for all this talk about nameless trends. Kind of reminds me of fashion trends. Count the number of times they say the word "trend" in the latest NR. I made it to eight before I got bored. Trend is too general of a term IMHO. In this part of the world it's the structural trends (shear and deformation zones) that are important for gold IMHO.
Too bad about those deep vertical drill holes that were or maybe were not drilled along the TRR claim border. I suppose we'll never hear about that story.
Good luck. Maybe they'll hit big along the North Shore.
Thank you for your attention
Beachman
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