PINL:VLTAF - Post by User
Comment by
VentureTrader1on Oct 03, 2011 1:22pm
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Post# 19112163
RE: RE: RE: You can't fight with Cormark today
RE: RE: RE: You can't fight with Cormark todayFeels like 2008, and the TSX Venture index looks a lot like 2008. I think the profitability picture for the big gold stocks will mean a fairly quick rebound for them, but first it looks like everybody's going down. Still, I think for the gold stocks I still own and didn't sell 2 weeks ago, I'm just going to ride it out. Volta's cashed up, has gold in the ground, they're not going to go bankrupt in this downdraft, even if the market looks to be pricing in bankruptcy.
Good time to just sit back (or go short the big markets) and wait for the panic to subside.