RE:own_quality
I'm still holding over 300k shares of TGD. Trying not to follow the stock or the gold price too closely or I'll do something stupid. It's really all about gold price. Over $1400 and we'll be headed for a double, below 1300 and we'll see further weakness. Below 1200 (which I can't see happening) and we'll be 25 - 50% lower.
I haven't been able to find the gold forum presentation, but I certainly like the PowerPoint on the Company website. Also a number of analysts all have the price much higher one year from now.
I have a pretty bullish outlook on gold going forward and TGD looks likely to really gain in share price under an optimistic gold price outlook. We need to get the elections behind us before anything happens. Trump or Hillary doesn't matter. The US economy is going to crash hard and take the rest of the world down with it. All currencies are being devalued, will continue to be debased, and price inflation will eventually happen. When it does, it will happen fast and simultaneously all over the planet.
The only places to hide will be by owning physical assets. Gold is one of the most convenient and liquid ways to protect one's purchasing power with little transaction cost, so it should do well. If the derivatives bomb is allowed to explode, then we will see a crisis like the world has never known. All debt and all currencies will crash to nothing... the great reset will be upon us. Gold will certainly be in great demand no matter what happens going forward. There is simply no way out of the current debt saturation and rampant money creation without a global financial disaster. People who can’t see this coming and are thus unprepared will really be screwed. Most people definitely don’t have a clue.
I would say now is the time to sit tight and stop caring about the day to day changes in the share price and the gold price. The end game is nearer today than it was yesterday and only when the disater actually occurs will we see the huge gains we have been anticipating. Until then, anything can happen.