to everyoneFirst of all you have to look at the big picture if you really want to make money. (10x)
1. Gold is in a bull market for the next several years.
( de hedging and u.s. dollar )
2. E.R. is in the early stage of a significant gold discovery with excellent grades.
3. Remember,,,they use float planes to take fuel to their property. Now there will be a road and power. Things will take a turn here.
4. Worst case scenario,,,,3 million ounces
5. Best case scenario,,,,6 million ounces and up.
6. So when do we buy and sell? ( you dont sell,,,just average down )
7. Sure, gold will correct here and the juniors could sell off but by trying to trade ER you could get burned. You might try and sell ER to skin it because gold is going down and then ER comes out with an amazing news release( high grade zone ) and now you have to buy back at
a higher price.But the only thing is is that 95 % of people don't buy back at higher prices. So now you are out because you wanted to skin 30% and now you will lose 1000%.
8. Sure it is hard to hold long term when you see gold go up and then right down again,,,but we are setting higher highs and high lows. There will be a correction in gold here but in the future gold will continue rising. Dont feel sad,,,but instead take this as an opportunity of a life time to buy more shares.
9. So when do you sell your ER shares?
10. You sell when your shares have been converted to gold corp shares.
You are welcome.