RE: RE: Alltime lows Almost impossible to say.
Seeing the decline over the past two years it's a logical consequence to see it fall more. The trend is intact.
The market is really bad. I could not have imagined it getting this bad. And it can even get worse.
Gold short term stabilizing at around 1600 doesn't help much. We need to see a reversal here. I haven't seen it up to this point. This is really at the edge here.
If we cannot remain over the 1,500 level this battlefield will expand rapidly. And where this leaves the little explorers, despite solid news, I do not have to tell you.
Nonetheless, as soon as the market finds its bottom, we will have huge opportunities in this market. This is a chance we won't get again for quite a while.
And I'm not only talking about Seafield here. Big companies. As some guys already pointed out. Like Barrick and Iamgold.
I am patiently waiting and watching the market. With small additional purchases from now and then, even at these levels I think you cannot do anything wrong.
But you definitely need strong nerves here. This market is nothing for pu $$ ies.
Conclusion: Short term bottom, maybe reversal. If we go down more near 1500 this will lead to a sell of we have never seen before in Gold.
Be careful.