the waiting game, page-5

re: the waiting game -rewards the patient... Hi Chewter,

In summary, in her analysis of May 20 this year, Cath Davey sees GDN's breakout point at .052 with a first upside target of .088 cents. She adds that this is an extremely conservative estimate of the upside given the 3 years GDN has spent plumbing the lows (down to .015 cents) compared to its all time high of 52 cents.

Interestingly, the last big move - from .049 all the way to 52 cents - took place in just 4 months! I certainly do not expect a 10-fold move upon breakout but I believe the SP may well "go forth and multiply."

Personally, I favour a mix of chart analysis and fundamentals and IMO, GDN has never been better positioned on both counts.

I should add that I am no expert on gold but I have researched widely and I do have respect for Cath Davey's TA, which has earned me a dollar or three over the years.

I hold. Best of luck,

Gupper