OTCQX:BGMZF - Post by User
Comment by
pigbruinmcveidon Jan 14, 2016 5:43pm
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Post# 24459835
RE:RE:RE:RE:2016 (only three more days for $2,400 U.S. gold)
RE:RE:RE:RE:2016 (only three more days for $2,400 U.S. gold) Yes indeed. A 45% drop and then you know it gets worse.
I know a fool friend of a certain fat uncle 2 gold shows again was talking about having brought his check book to get some of those tasty options. They should be expiring worthless this year.
How ever said a gold mine was a hole in the ground circled by fools through money in trying to fill it sure got it right. The man has been on Howe Street and has seen it all... :)
Still good luck to all you longs... I wonder what the song will be here when that multi-quarter regression line sinks to the low $8xx level... lol.
And did you see the nasty business for Yamana today. Hit production targets, reports same and stock sells off 10%.
One of the few gold miners still doing well is Agnico Eagle -- they walked away from Rubicon and never went to Barkerville or Manitoba. LOL.
Goldcorp, on the other hand took a big drink of silly juice with the 1.5B purchase of bruce channel in red lake... they should be reporting some writedowns in 2016... How low will they crater... $8... $6... $4... especially when gold gets $8xx....
Ouchie bouchie... its gonna hurt. No amount of vascaline will solve this problem.... :)