Royal Nickel Corp. RNKLF

RE:Gold price heading north soon

[rob1237]

The 10 year treasury is at 3.0% today. . This is very bad for the price of gold. There is a theory about this and a high correlation betwen the two.  They move in the opposite. Shorting gold is still a serious consoderation for me. I have held off on this so far.  

regardles , RNX has nothing to do with the price of gold. This is about a discovery.  One more hit and this stock will take off. Gold stocks in general will languish. One miss and all hell breaks lose. 


Im a holder of RNX and i will keep a core with trading some. I have a much lower average cost that todays .38 so i can afford more downside before i hit my sell button. I solda chunk around .43 and bought back the same amount at .39 cents. 

I dont have my head in the clouds here..with RNX    This can go wrong big. But so far its looking good. . And i do believe there is large gold reserves there in the form of high grade pods and  good average grades. We will find out how spotty the area really is, this is not the midas mine with miles of unbroken veins. 

Right now this stock is probably worth exactly where its at .38 considering they are fully funded with the gold proceeds and they have decent mines of cobalt and nickel. 

Also, The last thing the chinese will do is dump all their US treasuries unless they are suicidal. 
They would lose 100 plus  billion dollars in a matter of minutes. Also their currency is linked to the US dollar. Its like jumping off a cliff. The chinese sold a minimal amount as they do time to time to. Also china has stated they will not sell massive amounts of their holdings. Period. USA will continue to raise rates. Hence the 10 year will only increase its yield. Gold will languish. Im out of gold except a small position incase the world ends. 

Good luck to all...