Under $cdn 4.00 and what should we do?I hate to average down but under $4,00 is probably the best option. but you need to have a strategy of one week at the time why? Because until end of June-July-August we could still loose ground slowly. We are at an extreme low of the last 10 years. Towel has been dropped by financial sector over the summer coming as they are bearish on gold price. Will we see $700 or $1500? No forecasters can give you the timing date. Greece will find a deal because this would be a huge problem for banks. If gold stay around $1200, yri will come back by September after the summer and the bonus period based on stock performance get back in the play. Now tell me that seasonality Is not there. ELD is doing the same pattern.
Time to accumulate and build a position from here at a slow paste, such as 500 shares per week over 10 weeks. You will be happier 5 years from now. Probably a double.
don't put all your eggs in the same basket
and dyodd
I will rebuild a position to get back what i lost when i sold. Feel that the time has come. Hope i am right this time!