RE:RE:This last $150 draw down
braindeadoldguy wrote: Everything always looks great on paper. I hope you are right, but the proof is in the action. I am a realist, and not happy at all with this "action". I guess news is more of a stabiliser now then a propellent. We shall see. We've had news on Wednesday twice now. When will we get this week, if any? Yes, I'm a bit down about it all. We're all entitiled to how we feel, I hope.
Cheers
goldanalyst wrote: will break all but the most ardent gold bug....it's the way it usually works.....only the strongest and those not on margin can withstand this kind of onslaught...tomorrow right on cue gold and gold stocks will start their mutli-year rise....and not a moment earlier.....the market will try to squeeze every last penny out of this draw down today....hang tight and prosper....we've offically retraced to the 50% fibonacci retracement level....$1915....I believe this level will find support for the day....but the damage has already been done to all but those who plan to hold for the longer term....not for the faint of heart~
GLTA
Yes these damn gold stocks can drive you absolutely bonkers at times. I am much more hopeful about things now with the recent positive drill results that NFG released. The Keats Zone has been extended to 845 meters down plunge and they are hitting more high grade gold above and below the main zone. All good in my opinion so the stock will go eventually. It's just a waiting game now. There is lots of gold there.