Fundamentals, fundamentals, fundamentals. Gold has done its correction now and is peering over the $900 wall again. Downside technical targets, when you are trading a share at 3 cent levels are only relevant for traders dealing in millions of shares, looking for a bit of profit or for idiots who are trying to "pick the bottom."
If you think about it, from .033, there aren't too many price levels between there and .001.....when compared to the upside. Why is it that all the posts are about downside, when it's already DOWN.
If someone is looking for a very promising company, with very good results steadily coming in, then at .033-.035, this is a steal. It was only a couple of months ago that .06 was a sniff away, and the fundamentals haven't changed. However, market weakness and a rising gold price (if you look at what's been going on over the past six months) suggest that you DO want to be in gold shares, and quality explorers give the leverage at this point. I hold a great many of these and will continue to do so. As I write, there are 2 mill buying at .034, and the indicative opening price is almost 10% up on yesterday. So why are all the posts about DOWNSIDE? Enough doom and gloom, folks. Perception is as important as fact in this market. Let's not feed the Dark Side.
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