where to next week??, page-35

Hi Siameseparrot

Yes, great future potential for a long life mine in a gold bull market.

What could be forcing the SP down?
Well there are a number of possibilities.

1. As you said.. institution wanting to accumulate and knowing the stop losses, they trigger a fall

2. Some institutional holder forced to exit --- possible

3. Problems with production -- possible but CC would surely have covered it when making his last announcement re Majestic drill results.

4. If there was a technical/mechanical problem then it would be covered by the engineering companies warranty, only some lost production time, hardly enough to warrant a panic sell off of this magnitude.

5. Institutional worried that the USD may turn around -- possible but then in AUD terms gold will get stronger. Also, other goldies are strong today.

I think Siameseparrot got it in 1. hitting the stops is the most likely.

Someone is accumulating hard.

I bought today at the lows (so far). Watch IGR rally back up to the .60's over the next few days

Angers