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sircorp

13,234 Posts.

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29/12/17

10:03

Post #: 29924858
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Originally posted by sydney ↑

Hi Col,
I do read some of your posts, some of them I agree and some I disagree with.

On the 14th of Dec, you posted the following:
Interesting to see gold heading up
I more than half expected it.

I still see 31st Dec gold sitting on $1250
or just below.
I will trade to that scenario.

Cheers

While we all making wrong calls sometimes, you set your strategy on bad scenario for BDR and gold price.

I have always called for $1300 or even $1400 level for gold by year end and because BDR is in hedge free, it is primed for making more money.

It is expected that some of the profits will go for the plant upgrade and that is a good growth strategy and even if more money is needed to achieve this, I will be the first to support the company.

Good luck with your strategy, but I have a better one regarding BDR. I guess time will tell.

Happy New Year.

Cheers, Sydney

Expand

Gold Price ? Where from here ?
..
Historically January Gold Demand is always very high (Marriage Season in India, Pakistan and Middle East). Traditionally people from Sub Conitnent buys gold and passes it from one generation to another one.
..
If we look Gold Chart for last several years significant rebound takes place in Jan and February

BDR Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
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