I read in the heraldsun on the weekend a tip to sell EQI printed after gold had rallied $20.60 friday night to $901.60.
since then eqi has risen from 4.08 last week to 4.32 today and better still 10% in the last 3 days.
sentiment has changed in the last 3 days and i wonder if these brokers are feeling stupid for publishing that tip.
no I dont think so!!!
LGL is changing direction. remember the price should always be around at a 32% premium to LGL. whoever sold at 3.79 last week when this ratio was not met to LGL was a fool and that was an indication of a bottom.
good luck holding. i'm planning to have LGL move to $4.40 by november putting my eqivalent EQI at $5.80.
better to hold out to recieve the tax advantages now
good luck and stay aware of production figures and grades as well as costs and the gold price for the future.
EQI
equigold nl
