IRG has piled on 100% this week, but there is no volume to go with that rise.
Even so, a rise is a rise ~ is this a build-up to the expected announcement in the middle of this month (ie next week) regarding Lyndon Station?
Gold is down to $918 at the moment, but is likely to rise again to over $1,000 when the US government has to bail out AIG again (AIG has around a trillion dollars worth of toxic CDFs and in my opinion can not possibly survive long term).
But IRG needs more than just a high gold price to dig itself out of the current hole...the rampaging bears are eating whole companies, IRG is barely a snack for the doom-sayers.
Robert
100% in a week
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