RE:RE:RE:RE:RE:RE:RE:Where is Eric Sprott...TX, you know what they say great minds think alike. I had some ARV but because of the DL factor I took my profits and ran. I had a small position in KAI but sold that one as well. What I own in the Pibara is NVO and DEG. KL is overbought IMO and could use a good correction before I would consider adding to my position there. DEG for the moment seems to be holding steady because of thier other known reserves.
I agree that we are in for a spell of uncertainty. Apparently they don't plan to start working at CW until the end of February so no results from them for awhile and after the assays are reported from Purdy's we won't see anything there. Announcing what they decide on sample size is not going to be a market mover IMO.
So I don't think the market is going to have anything really concrete to deal with for a couple of months. Gold and the miners in general are over bought right now and I think they need a rest, so if you get a correction in gold and the miners and no market moving news from NVO I'm afraid the path of least resistance is probably lower, oh you could have some short covering rallies but basically I see the price drifting lower. What I'm trying to determine is where is the best price to start buying again.