BDR 0.00% 6.5¢ beadell resources limited

Gold price, page-3300

  1. 3,159 Posts.
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    I would have expected a lot more profit taking along the goldies today, most are only 1-4% down...

    I have a feeling, regardless of the NFP tonight, gold price will remain in tact.

    My reasoning :
    1. Europe has numerous issues, the biggest being their banks...
    2. The "word" on golds emerging bull is out - Funds & Instos are buying...
    3. The Banks can take a hit on their shorts & go long...
    4. In the current world economical environment, Where, other than gold miners can u make a $$$?
    5. The run in my BDR, SAR, EVN, NST, RRL appears solid & sustained...
    6. Quarterly reporting & drill results to come, I don't see a major pullback...
    7. US rates in the current environment can't rise...
    8. Japan & China have their own issues...
    9. One months good US NFP results doesn't indicate a "recovery" in the US...

    All in my humble opinion.
 
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