RE:RE:RE:Should be 2 by end of weekI expected gold to retrace today after the late day fall on Friday, but it has proven resilient and keeps closing higher than the previous days close. 1.80 is a key level right now and if it breaks that it could push back into the 2 dollar zone where it should be trading at. I don't see much more upside in the DOW and S&P, so i think gold will continue to trend higher.
This stock got slaughtered for no real good reason. A bunch a**hole institutional investors probably knew about this prospectus and shorted the stock to see if B2 would finance with them for a cheap price. So far it doesnt look like that will happen in a rising Gold price environment and they are going to have to cover. I'd stay long!