GREY:GQMNF - Post by User
Comment by
skipjackmackon Apr 17, 2013 2:59pm
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Post# 21266825
RE: going back over $1 soon..get 'em cheap now...
RE: going back over $1 soon..get 'em cheap now... i dunno, gmarc. a bounce would be sweet because my average is now sub-1 :-) but what i'm seeing is buyers happy to soak up the folk heading for the exits. if sellers press, then the buyers reposition to buy cheaper. passive accumulation that's taking advantage of the fear and panicking out there. i'm not seeing any momentum to the upside...it would only take $100k plus of quick buying on an $80million market cap company to push this back up to $1.10...in other words peanuts...we're not seeing it because there's no need...cheaper prices coming!
we're now back to 2008-2009 prices when gold was $700-800 per oz. this is awesome!