Comment by
VentureTrader1 on May 15, 2012 11:10am
Maybe .35 is the deemed 'fair value' the market has decided all gold stocks should be trading at. So our downnside here is only .30 - be worried, though, if you hold Newmont, Barrick, Goldcorp, etc. It's going to really hurt Newmont shareholders going from 44 to .35 (although it probably hurts a lot already going from 70 to 44).
Comment by
VentureTrader1 on May 15, 2012 11:51am
I think what happened with CAN was that some land they own turned out to be contaminated with gold! Actually, I found this post on another board - provides an interesting perspective on how badly oversold the market is right now. Worth a quick read.https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=31041759&l=0&r=0&s=rog&t=LIST