Victoria Gold Corp VITFF

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[ss1867]

Risky is right, I would like to think the sector has bottomed out as well. Lots of decent exploration plays have flamed out in the last 6 months as the tills have run dry and financing is non existant. If your in the camp that beleives QE tapering will begin next year then you must be aware of the fact that gold has significant down side from here. If one believes that the American economy and as a consequence the American dollar is doomed then the POG should be moving much higher from here. I`ll be the first to admit that my crystal ball can be pretty foggy at times....so I  won`t claim to know what tomorrow will bring. Being a fan of basic chart analysis and looking over VIT`s 5 year performance it`s pretty hard to get excited. I got excited back at 15 cents as I thought for sure the bottom was in, but then found myself down a significant chunk of change and stuck to my discipline and vacated the position between 10 1/2 - 12 cents. In retrospect I got it wrong, but  glad that I pulled the trigger when I did. If I had of stayed in that dent in my RSP would have ballooned into an ugly loss on paper. I realize that you never really loose until you sell....but that is little comfort to those who have continued to average down with VIT and are way under water on their positions.   I`ll bet the vast majority of retailers who hold this dog don`t even want to look at their monthly statements. I think we flat line from here on low volumes with downside pressure and the real bottom will be around a nickle, lots of decent gold companies trading below fair market value presently and I see no reason why VIT should be any different. If and when we reach this target I will jump back on board with a large trading position and look for pay back. My bet is that any positive NR asscotiated with a mini rally will only serve as a spring board for sellers to get out. SS