Painful but very positive'
My suggestion to the entire Western gold community as this important FOMC moment approaches, is to consider joining the commercial traders. Buy any price weakness between current levels and $1095, with a focus on individual gold stocks that have solid reserves and low all-in costs of production!
This is a quote from Stewart Thompson. Although I feel like slitting my wrist watching my share price get cut in half ,there are some very positive things that are going on that does allow me to sleep .. I do thank God I have no margin account!! No that is not one of them. We have gotten the stew kicked out of us for two reason. One is some bigtime investor got tired of the gold market ,and decided to sell at market and as thin as our shares are we are paying the price now. However, remember when this baby turns around, it will go up faster as well. Second gold is getting creamed due to strength in the dollar,i
Believe it or not I think we wre lucky this is all happening at once. When this market turns around, and one of the major market bubbles breaks,,take your pick there are a number of them,we will have two huge hurdles out of our way.
The positive aspects of KOR are exactly what Stewart said. . Buy any price weakness between current levels and $1095, with a focus on individual gold stocks that have solid reserves and low all-in costs of production! Add to this a strong mgt team,PEA coming in a few months,cash in the bank for a summer drilling program.and have all the elements that any larger gold producer will be looking for when this market turns.