RHR & $3000 Gold..... RHR is still trading well below it's cash & securties on hand. Of course the sale of our property claims in Tanzania will increase our cash position. Cash is a VERY good thing to have in this market when almost 3/4 of ALL exploration companies on the venture have less than $750,000 and a share price of less than 25 cents. There are many juniors that simply don't have the cash to move forward. With new financing "rules" it is possible to finance at under a nickel but dilution will be a major problem. RHR has no need for dilution with it's formidable cash position. It's puzzling that juniors with far less going for them than Redhill trade at a premium to Redhill? Not for long I suspect. In an election year there will likely be no major sell off in the stock markets. ....and of course QE will accelerate. Ivana
The secular bull case for Gold $3000
We remain secular bulls on gold. Key chart and uptrend supports between $1600 and $1400 have held and we have viewed $1550-1500 as a good area to buy gold. The breakout above the year-long downtrend line completes the correction within the longer-term uptrend and targets resistances at $1800 and $1925. But, the secular bull market for gold points to a stronger rally to $2050-2300 and up to $3000 longer-term. The top of the rising channel from mid 2005 is near $2375 and reaches the $3000 area by early 2014. Key channel supports are in the $1600 and $1400 areas and rise ~$25/month. The chart below shows the secular bull market for gold.