RE:Buying Opportunity?Goldguy thanks for your post. SGN is a good company and your analysis is sound. However, the selling on Friday had nothing to do with SGN fundamentals, as you pointed out yourself. The problem is, almost all junior gold stocks were sold on heavy vol.
This selling could not be retail, so ask yourself this: Why are institutions/funds etc. who are "in the know", liquidating in such mass scale if they think short term Gold is headed back up?
The answer I believe is, they expect Gold to go down further and consolidate for a few months. Intermediate term, I agree with you, we are in a gold bull market. But short term, I am not so sure... the sell off on Friday on so many gold stocks with heavy vol, spells caution ahead for me.
Let's see what develops Monday, and I hope I am wrong, because I am fully invested also.
Best,
Simply