GREY:CGOOF - Post by User
Post by
Masterbuilderon Jan 06, 2015 6:59pm
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Post# 23291907
Stock behaving as expected. Beware oil bottom and fast money
Stock behaving as expected. Beware oil bottom and fast moneyThe easy money from the delisting has just happened. Near term you might get another .20 - .30 with gold trading top at $1,230. But the downside risk will be .40 - .60 with a likely return to gold at $1,180. The market is unnerved by the oil price collapse so gold is really a temporary park for fast money. My guess is that oil will capitulate maybe as low as $42 / barrel and then gold will come off really fast. Noboy really wants to own gold. Despite the buried treasure in this stock... it ain't a mine and operations are waaay off. I think it's a great stock to trade.