TSX:LSG.DB - Post by User
Comment by
goldhappyon Jun 15, 2015 4:33pm
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Post# 23832797
RE:I'm Hoping There Is No Take Over
RE:I'm Hoping There Is No Take OverLEX...nothing to disagree with. Points all valid. May I just say many mines are close to break even or under water. Should gold slip to a $1000 many buyers will be all over the cheap gold. I can't see it at a thousand dollars except on a bounce when the market corrects. The market has been on a steady upward climb. It is only a matter of time before it corrects. Somehow I think the USA Presidential election will cast a change on the stock market. I can't see Obama letting the market crash before the elections. He has worked hard towards getting a recovery going. Just not gonna happen like the good old days. China and other countries have all the cheap labour and manufactuing. Gold will tag along for the ride. When the world economy goes tilt many countries clammer for gold. LSG will be able to weather everthing now as debt is all but gone and cash rolling in daily.