RE:RE:RE:bgm to become biggest gold camp in canada?dosco wrote: world class geos... moooooonnnnnshot.....
Too true.
The tide in PM market is going to turn one day and when it does a $300 update in gold is going to become a regular event.
At $10,000 gold, BGM might well trade at $150 in the ultimate gold mining bubble. And at $50,000 gold spike, well, $1000 per share... even the original investors, those who were diluted several times, might even get most of their money back.....
This could definitely happen. There is huge amount of hot money moving around the world market, and it is fleeing from emerging markets such as Argentina and Turkey at a fast rate. Argentina dropped 10% in one day last week. Or putting it another way, the price of gold in Argentina local currency went up 10% in one day last week.
It is only a matter of time before there is a panic to flee from the US$. Of course the magnitude of such a move will make last week look like a calm sunny day at the beach.... Because if you flee the US$, where do you go besides hard assets of which Gold has to be a significant option.
But I think I'll just hold off on looking at BGM seriously until we see POG breaking $1550. Then it will be time to look at all mining stocks once again....
Slap, slap, slap.... 3, 2, 1, your back in the room. You were having a day dream....