Post by
chux02 on Apr 17, 2010 3:05pm
Friday's Down Day Was Because of Gold...
Out of all the posts about anything to do with Mountain Lake and I think a lot of folks are forgetting about the volatile price swings of gold and the effect that has on ALL gold share prices. Gold lost about $20 Friday so it's no wonder shares fell in value. On the other hand, I would expect these shares to go the other way and follow what the per ounce price of gold is doing too. I see that some are calling for a blast upward in the price of gold in the near future. You know, guy's like Jim Sinclair and some of the other gold bulls. Even some of the bears write about gold's volatility on the way up.
Anyway, let's not forget about what rising gold prices will have on these (and ALL gold & silver) shares. I still say our greatest opportunity here in holding Mountain Lake shares is the buy-out/take-over potential.