Sokoman Minerals Corp V.SIC

Why are Gold Stocks not in tandem with Gold?

[NLMoose]

While Gold Futures are at all time high levels of $2,400 US per ounce, most Gold stocks are not benefitting from it as its prices are still low.

Usually, when Gold Futures goes up, Gold stocks also go up.

However, one thing I noticed is that most Gold stocks are not benefitting frm its record high Gold prices as many companies, including Sokoman Minerals, continues to be at record low levels.

If Sokoman Minerals were moving in tandem with Gold, it would be trading at least 50 cents a share by now, not 5.5 cents a share.

[geezer21]

Evenually stock prices will reflect the rise in the price of gold. For Sokoman, the value of its Moosehead gold deposit has increased tremendously with the rise in the price of gold. The high grade Moosehead gold deposit is on the inudustry's radar.

[Stockpicks96]

Geezer - I hope you are right. We have 30+ high-grade hits, but no real continuity has been proven from the various mineralized zones to date. The market seems to be waiting to see if there is continuity, hence why we are stuck down at these levels - the hype that caused us and the rest of Newfoundland to fly 3 years ago is gone now.  With 300 million shares outstanding, Tim must find

[Stockpicks96]

I guess you could say there has been solid continuity along the eastern trend and footwall splay... but overall it's a small area. We need the other zones to be strung together.