All we need now is some good news flow over the next 3-4 weeks,together with a rally in the markets(hopefully by April)and with POG at $1000 and the media exposure its receiving now IGR could move up very quickly from here.
If the Fed drops rates 100 bps this coming week it will be interesting to see how the dollar and share markets react to this.At a minimum it will be a 75pt cut I think.They are getting desperate and everyone knows that so even when the USD has a rally from its very oversold condition(which could be a while yet)the damage has been done.If POG has a correction I think a lot of big money will be buying gold at lower levels to position for the next move up which may take it to $1200USD.
Interesting times especially if you have squillions of shares in great emerging gold companies!!
Cheers Tigerpen8
IGR Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
