GREY:VITFF - Post by User
Comment by
ss1867on Nov 28, 2013 3:30pm
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Post# 21950940
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Millions Oz of gold for 0.08-0.11
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Millions Oz of gold for 0.08-0.11Hardly a loser in light of the fact that I could now buy back an additional 100K of VIT with the funds secured by selling 30% higher. Sure I still took a haircut but would be down significantly more if I had of stayed in. Volumes have dropped off, cash burn continues, market knows tapering and a reversal in interest rates will happed next year....more down side for the POG and VIT I`m afraid. I will likely re-enter at some point with a much larger position with which I vacated....until then I continue to dabble with a few others. I know VIT has the goods, but with the present gold environment I feel it remains very speculative and will wait until we see some solidification before hitting the BUY button again. Will Eagle get developed next year, two years from now, maybe three....sure is a long time to tie up your money. SS