GREY:LACHF - Post by User
Comment by
jumanji0881on Jul 14, 2012 6:10pm
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Post# 20113950
RE: I am sorry but .....
RE: I am sorry but ..... I just see this as an opportunity to buy other very depressed juniors with the proceeds from LMA. And there a a lot of depressed juniors. I bought my LMA shares a long time ago at less than
.50. The only thing I don't like is that I'll now have to pay income tax on the capital gains. But that can wait till next year.
I'm not expecting the market to turn around soon unless there's an overnight calamity in Europe. I think gold will move higher once something big breaks or the CBs initiate massive liquidity injections. It's difficult to imagine liquidity injections with the stock market so high. Perhaps after the stock market plunges 20%.