CGX
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0.00% $2.72 cga mining limited

RowingboatThanks for your views.CGX should be back above $2.20...

  1. loki01
    11,122 Posts.
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    01/09/12
    23:05
    Post #: 10658122
    Rowingboat

    Thanks for your views.

    CGX should be back above $2.20 early next week.

    I am still not convinced that the POG will stay up given that world economic activity is slowing in many places or even contracting (much of Europe). Last night's rise in the POG was due to a short covering rally ahead of the long weekend in the US. I guess the POG is now being mainly driven by speculation and CB purchases. Hopefully the speculation will not be just very short term.

    loki
    CGX Price at posting: $2.06 Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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