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5,784 Posts.
3670
02/07/13
14:24
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cato,
agree with your comments but the bottom line is, that for these companies share prices to go up we will need to see a much stronger gold price.
Tax loss selling has finished and most of these stocks have rebounded during the past few days with very good gains.
The next major leg up will only be achieved if investors begin to have confidence in gold going higher.
Too many investors have been spooked and lost a truck load of money.
Many will take the cautious approach and only re enter when they are convinced that gold can start moving up on a consistent basis.
How long that takes is anyones guess.
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