tracking a very nice base at around $1,525 on gold...
We could see a move down to the $1,260 in
gold price. This would reflect the depth of the correction that we saw in 2008. That turned out to be the bottom setting up the advance in the
gold market that followed. One should be cautious short-term. There might be a little bit more volatility, followed by a marginal new low.
Remember what happened after gold hit that low in 2008?
Over the next three years the gold price tripled in value. If the dynamics in gold price continue, the gold price will eventually hit $3,500 an ounce.
As painful as this has been to watch Lol, this recent correction is healthy in "the context of a
bull market" which could continue for many years as the buying pressure on Gold & Silver continues around the world. Major correction's set strong price platforms.
SLTA will be a producer at some point. Strong price bases in Gold & Silver is good for miner's & the shareholders invested in them, share-value is much easier to calculate as are revenues.
Soooo...Hello passengers...
This is your captain; We may experience some turbulence along the way, so buckle-up, as we rocket towards our destination! = The Moon! Enjoy the flight! : )