TSX:LSG.DB - Post by User
Comment by
LexMark747on Oct 28, 2014 9:33pm
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Post# 23070455
RE:RE:RE:RE:RE:RE:looking at the cash flow
RE:RE:RE:RE:RE:RE:looking at the cash flowERTguy wrote: You guys can make an argument either way, because they are both almost identical in this case. However the point is, it's a bearish pattern. Although I like this company, I don't like gold as an investment just yet. In addition to the price of gold one also need to pay close attention to the US dollar since investors usually look to gold when the dollar is not performing. There are a lot of geopolitical issues at work that normally would have been catalysts for gold that are having little effect now as well.
I like to see a clearly defined trend when I invest and/or get in low. With everything going on right now it's nearly impossible to make a prediction, especially on gold! QE ending, ISIS, Ebola, the currently heavily manipulated Oil Market, Ukraine, Syria, slower GDP growth, etc. Let me know when you guys crack the code to these combination of geopolitical events!
I say its a bullish pattern and you say its a bearish patter. We can't both be right.... Time will tell sooner than later.