be good to see it happen but are the directors willing to speak up or keep thier mouths shut. this test around 800'ish should recover tonight and see LGL back to 2.10 - 2.15 range but we may see another sell off by friday. if euro case for interest rates rise increase and US data is weaker then i think we should be safe into next week but I have two scenarios in my head which says gold rises mostly in mid to late september into october historically vs elections coming up propping up the $US. So I think after november we should see a relief gold rally of about $100. too much info to digest here.
if it is to rise in sep then look for a final bottom early next week.
my $2 buy prediction could be right time to buy friday to next monday morning at $1.995
if your on the sidelines right now wait till mid september if no gold rally occurs wait to buy back in after the $us rally fizzes out and most likely you will get sub $1.80 by after us elections are done
LGL Price at posting:
$2.08 Sentiment: None Disclosure: Held
