That's right VT. It's been a gut wrenching drop from the recent highs, but I have taken on this for the longer term and the much greater profits that a junior with high grade easily mined gold will eventually produce.
This consolidation in the gold sector will throw off many with shorter trading horizons, but they will miss the massive increases that could occur with the next wave of the gold bull.
"When the entire world wants a piece of the Gold and Silver Bull Market, they will discover that there is only a relatively very limited supply of shares and you can’t create a Gold mine out of thin air like you could a Dot.com company. The combined total of all Gold stocks is less than that of the equity of EXXON and GE. Yet it is estimated that there is over $2.2 trillion in Hedge Fund money alone and that’s not counting all the leverage ability they have at their disposal. Can you imagine what happens if suddenly they wake up and begin a rush to Gold? There are over 10,000 mutual funds that have not even looked at Gold and yet they have a mandate to be fully invested. What do you think they will do when the only stocks going up are Gold and Silver stocks (maybe Uranium, Platinum and Palladium as well)?"
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