Victoria Gold Corp VITFF

RE:RE:The 100 dollar drop in gold this week

[Zeke2902]

4.7 mil shares on Friday so what happens today? As far as the price of gold goes who the hell knows? You can take a bag of 20 so called experts, chartists, gurus and read their reports and come out with 20 different prognostications. It's going down to $1700 this week, it's going up to $2300 by year end, it's going down over the next 3-4 months due to Basel 3, it's going to skyrocket due to Basel 3, the fed has genius plans for it....all these experts blended together come up with such a wide swath of possibilities that a steady, though volatile upward trend is what, from my standpoint, will happen.

Governments are printing crazy amounts of paper, Basel is trying to decouple physical gold from paper gold and governments and banks are buying physical gold. The demand isn't going to reduce as economies reopen and public demand starts to increase in the worlds most populous economies like India and China and others. Current exploration and the lack of new supply means demand will press worldwide supplies. On top of all of that we're at the mercy of gold being manipulated by huge organizations and governments...so who the hell knows?

I'm like OCB in that I think somewhere near or above $30 is a ton of dough. Who pays that is of no consequence to me but I continue to doubt Coeur can facilitate a transaction for the takeover of Victoria. 

It's been a ride and it's fun being long Victoria Gold....hopefully with Banyan Gold along for the ride...there's gold in them thar hills "Yukon gold district"