TSX:SGR.UN - Post by User
Post by
Sinbobon Jan 27, 2014 2:28pm
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Post# 22138924
On the cusp ...
On the cusp ... Chart looks like .13 could be hit again ... a very good buy if it does IMOP. The law of supply and demand is working furiuosly in the deep currents and now and then looks to be about hitting the surface. There are so many examples now that one has to have very vested, not-so-hidden agendas not to see the obvious (Gold Mint Runs Overtime in Race to Meet World Coin Demand: https://www.bloomberg.com/news/2014-01-27/gold-mint-runs-overtime-in-race-to-meet-world-coin-demand.html)
All we need to know is when does the lid blow off? Well, I suspect that this week being the end of the month and with so many poltical events (Obama speaks ..... and the big Fed. change to 'Yellen' ... and the end of the month for JPM to further reduce it's gold shorts by screwing the hedge funds who are short .. and for the apinted stats etc.) ... gold will be stepped on again. BUT Feb. is a huge delivery month so all could change suddenly for the price of gold. We'll see.
In the meantime, any small producer near break even will fly out of the blocks with a sudden gold jump. Stocks like SGR are already well accumulated by strong hands and will not likely be a cheap takout target. Once gold hits $1400 plus, the hair triggers will be set off and the ride up will be an exhilarating experience. So, for a 'San Gold' with 80,000 ounces, every $100/ounce rise will have a very nice leveraging effect to the upside. Getting back to $4 may not be as far away as some think. If it doesn't start in a week or four, so be it. Now, the naysayers can get to work on this rude interruption of mine to this BB.
When I see the horde of bashers well represented on almost all BBs, I am often tempted to wonder if they work in a cubicle or from a shabby basement office in a home (telecommunting and all that). Geeze, those poor b-ggers get paid peanuts and are often out of work bankers, dismissed brokers, wannabe borkers or just plain miscreants. I think they just love to ruin other people's days.
Not long now folks. this is going to be quite a year!