OTCQX:BGMZF - Post by User
Comment by
Newfie75on Dec 11, 2013 11:25am
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Post# 21994399
RE:[Higher Lows]
RE:[Higher Lows]Some analysts saying POG remains volatile for first 2 quarters of the new year and then a move towards 1500. Of course everything is a prediction and a hard one given the constant hig number of contracts flooding the comex whenever gold moves up. Nobody seems to know how long the manipulation can continue, however, it seems most gold enthusiasts feel 2014 will be a rebound year. It would seem the bottom remains at the June low of around 1200 but there are some key levels to break through before the upward trend to 1500. Wondering about the Santa Clause rally as well. I was nice to see that bounce yesterday but we need to breach 1300 again before I get excited. Production is our key hurdle and then the resource estimate update in March-May. Patience until then. Cheers