BIG 0.00% $2.22 burrendong minerals limited

in a year or two maybe

  1. 8,096 Posts.
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    For those who have a genuine interest in RAU and who can accept that setting things up can take time then it may be worthwhile to consider these comment made today in a market commentary newsletter (The Daily Reckoning).

    Now there are no guarantees here because can anyone predict with any accuracy what the market is going to do over the rest of 2009 or into 2010 or the years after ???

    This is just an interesting observation from the point of view of where RAU is at with its development of its gold projects.
    .........................................................
    "Meanwhile, there are some very smart people who think the feds' efforts not only won't work...but will create an even bigger disaster. Those people are buying gold...and commodities.

    David Einhorn, the hedge fund manager who foresaw Lehman Bros. going broke, is now buying gold. John Paulson, who made billions by being right about the credit crisis, is also buying gold. The Chinese are buying gold. So many smart people are buying gold coins that they have become hard to get.

    What's our view? Who's right? The dumb money; the smart money; or the very smart money?

    They may be all right...but at different times. This rally could last a while longer. Then, prices will probably resume their downward path...and then, eventually, inflation fears will send gold soaring."
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    If that comment comes to fruition then RAU could very well be sitting on a goldmine !

 
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