RE:Jim Sinclair on Currency/GoldDDoc,
Good link. Thx.
If Jim is right then BGM, if it hasn't defaulted to Sprott first, will do extremely well I'd have to say.
IMO, in a rising gold market, the stocks that will have the most spectular gains will be the junior explorers and developers. Right now it is better to be a dividend paying producers but IMO there isn't much chance of BGM perfecting that jig. But give ua a rising gold market, and the promotional opportunities afford in the Cariboo will become legendary. Also, promotional activies don't require mining licenses so the T'Silqhot'in don't matter one wit.
But the current situtation is still unfavorable.
- gold market continues to fall without any signs of a turn around.
- as a producer BGM IMO sucks. Just look at the past finanicals (not the BBoS shart) which tell it all.
- even Sinclair is looking for gold to get back to the 1650 level before calling a new phase. Sounds like a solid call IMO but today the gold market is miles and miles away from 1650.
- Sinclair has had some spectular calls and may be due for some regression to the mean. A drop in POG to sub $1000 would be a pretty good dose of mean regression. The phsyical gold market would thrive but the mining sector, including most of the senior producers, would go in life support mode, aka care and maintenance.
Bottom line comes down to price of gold. A turn around and BGM can swing into drill and promo mode and stock price floats to the stratesphere. BGM can drill and BGM can get the story out to investors. And a risking gold market, past the Sinclair $1650 pivot, will get people listening -- then bam -- BGM to the moon.
Alternate bottom line, POG drifts to some $1000 over the next 3 to 4 years, and there will be name changes, rollbacks, loss of properties, new playes, and never ending horror stories.
Right not the trend is still towards the alternate bottom line scenario so any gold investment, other than insurance which should probably be put into physical, is not a good play. Still, sharp players like Roller, can make Cuba holiday money playing the runs, buying at 44 cents and selling above 98 cents.... impressive calls there roller!!! Do let us all know when your are back fully invested in BGM again... or are you waiting for a test of 44 cents (probably a wise move IMO).