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Balmoral Resources Ltd BALMF

Balmoral Resources Ltd is an exploration stage mining exploration and development company. It is engaged in the acquisition and exploration of gold and base metal properties in Canada. The principal focus of the company's exploration activities are the properties comprising its Detour Trend Project in Quebec.


OTCQX:BALMF - Post by User

Bullboard Posts
Post by TRRGon Nov 18, 2013 6:14pm
265 Views
Post# 21917343

Real Gold bull market still far away

Real Gold bull market still far away The Gold Stocks have fallen from grace fairly hard. This is what is actually necessary for the rally to continue into the 2017 to 2020 area. Supply must be reduced. As marginal mines shut down or slow production, this helps to reduce future supply. It will take a steady rise in prices to new highs before a lot become convinced to start-up again. Adjusted for inflation, the 1980 high is about $2300. That is the general level that must be exceeded before a real bull market unfolds.
For now, please stay away, save your hard earned $ and wait !!
1980 highs will be tested again (850 $/OZ.) starting the real BULL MARKET !!!!
HUI index should go as low as 100 points or less

Bullboard Posts