Barkerville Gold Mns Ltd BGMZF

RE:RE:RE:RE:RE:RE:RE:BMO sale

[yaponski]

There are always 2 objective realities in a given situation...determining which one is not being taken into account is the trick I guess....

Too early to say if POG rebounds from here...certainly has paused in this area...could advance towards 2000....then thats a different objective reality...one that you may not have taken into account....
I was suprised the PP was done at all...cause I thought the production pump was already primed, and that early production would fuel sustained production... and more....still may be the case but obviously I failed to consider the objective reality that others wanted in on the game...ahead of another potential objective reality...cash flow...enhanced 43-101...rising in-situ prices...new bull run...etc...

Is ease really. Trend is always your friend.  Also no ambiguity on POG trend. It is currently down. When it breaks about $1550 then I would say trend has flipped.  So, sure I will miss run from $1300 to $1550 but I'm not too worried because, after $1550 I fully expect Sprott's $2400 and well beyond to be hit.  Only real question is when. It would not surprise me if gold went below $800 before reversing course a few years from now. Well, actually it would becuase i doubt that will happen...

Revision to the mean is a powerful force. Sprott and company made much on the 10+ year gold bull market and now it is time to give it back to market. When Sprott tosses in towel on gold bull market, then I'll consider dropping my trend reversal price down from $1550. But won't happen in next 5 years I expect.