Post by
Rollercoasterblues on Feb 10, 2016 9:49pm
BGMs/Gold Bullions future
So long as the U.S dollar is plunging, large economies are going into deficit and turning on the printing machines........we have ourselves a cocktail now for quite the run for gold and BGM. You have to be a longterm thinker in order to get ahead of the herd and if you can do that......you get the best returns and a prime seat on dictating which price you wish to sell....Its documeted on previous pages that I was buying many 1000s of shares between .24 and .205 cents when everyonne was piling on this company and gold in general......but geopolitics and economic news did not add up to this kind of shortinng that was truly manipulating the situation and keeping the herd back and scared......WELL.....it would appear the herd is now starting to kick the tires of both bullion and undervalued junior golds like BGM...A long term approach strikes again but yes I have taken some money off of the table (10-15%) to see where the next floor is going to establish itself. We are absolutely never heading below .205 cents again and gold will not test the $1080 price that I was buying in the spring, summer and fall last yr.....especially not with these headlines and a full steam ahead through a huge resistance level between $1180-$1205........we might be on our way to testing $1400 per oz by the end of April with the right kind of geopolitical news...
Two thumbs up fellow shareholders!!
Comment by
DDoc on Feb 11, 2016 12:53pm
I averaged down also. Nice to see BGM keeping pace with the major gold stocks, mind you Kinross is up 17% today. Hopefully results will come in a timely fashion so that BGM price slingshots while the gold bull market is still on.