RE: HUGE NEWS
I am a bit confused I must say. First if you look at gold’s history (and not just the 10 year as you suggest) you will see my prediction may not be that far off. We have had sustained years or increases in price as the economy falters. When people start to feel the economy settling down they sell their gold to buy depressed stocks etc... In August 1976 gold was $109.93 it rose to $673.62 in Sept of 1980 but then fell back to as low as $299.10 in Feb. 1985 (lower since then). The average seemed to be between $275 and $350 after that. I never said the current run-up would exactly mimic the 80's in fact I think the average price will remain higher as a percentage of the starting price based on the length of time the price has been increasing and the higher demand for gold in manufacturing applications.
Since I stated I believe RBYC is going to increase in share price, are you disagreeing with me? Is the sarcastic comment about my knowledge of the global economic climate meant to prove you somehow have an inside into the future? Of course mere exploration does not increase price (nice safe guess on you part). You have to actually mine it and process it thereby increasing supply in the market. Finding gold does have an impact on the share price if investors feel the company has the leadership to get it out and to market. Once again of course actual profitable sales increase share price, I don’t quite understand why you seem to think I don’t know that. I am an MBA graduate who has a fair amount of investing knowledge. But I have been successful in my investing because I try not to overestimate the future value. I never said it would stop at $5.00 I simply said for those who bought in around $1.00 they would be happy. But hey if you own this board because of your stellar ability to look at the recent history I will go elsewhere and discuss other stocks where people can actually step out and think.