OTCQX:RPMGD - Post by User
Comment by
upupandaway7on Dec 16, 2016 9:17pm
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Post# 25613409
RE:RE:Dumping
RE:RE:Dumpingupupandaway7 wrote: carrot50 wrote: When wil it end.
keeps going lower and lower.
Just noticed my previous post was blank.
I believe gold will have a difficult year ahead which only became more challenging with the Fed now raising rates as well as upping next year increase events to 3 from the previously communicated 2 events. On the other hand if Donald Trump implements policies that cripple the US economy then gold may have a chance for a bounce back. The wild card is Trump as the sentiment is currently negative to gold with the Fed acting, so to invest in gold needs to be carefully done and that is where Rye Patch Gold Corp comes in.
Rye Patch Gold Corp management is looking like rock stars with gold tanking having hedged 40% of the annual output at $1276 an ounce. Along with their royalty payment and thier analysis being complete on the new project with a gold estimate of around $1100 an ounce and still showing a nice return, I believe investors are failing to understand the opportunity here. I currently don't have an open position in Rye Patch Gold Corp, but will follow the stock closely hoping to initiate a position once gold prices stabilize.
Good luck to everyone