SBM 5.88% 24.0¢ st barbara limited

Hamstrung by debt, page-17

  1. 8,034 Posts.
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    Phnewby
    Yes I was tempted and bought BDR at 40 cents
    EVR got below my buy price
    but I didnt buy

    To me EVR at 70 cents is the best gold stock on the ASX
    but I still didnt buy

    I dont know why but I do sense things

    maybe through research and a lot of reading
    maybe just dumb luck

    Everything is telling me to look out
    things are going to turn nasty

    I hope I am wrong but I dont see a safty net for the POG

    The other thing to remember is
    When the POG goes down it usually goes way too far

    If gold bottomed at $1200
    I would take that as reasonable
    If it bottomed at $1050
    Then I would say that is way overshot
    the mark


    Not trying to sould like the grim reaper

    just how I feel



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