Hi All I expect we'll see ''stasis'' in the SP for the next few...

Hi All

I expect we'll see ''stasis'' in the SP for the next few months.

In order for the SP to have a sustained upward move, we'll need Gold to have a sustained upward move, a repaired Balance Sheet at year end, and an improved cash position.

Gold might rally next week but this is not capitulation. I expect there to be many buying opportunities over the next 3 months at the 11 cent mark.

When the Fed announces QE4 in 4 - 6 months, then we'll have a capitulation in Gold, hopefully we'll have a strong Balance Sheet and some Cash at that point, along with Duckhead, then, BDR will begin it's upward march to around a $1. At that point, I'll probably sell. (I hope)

It's pointless trying to make sense of the market at current, it simply isn't making any sense.

Although, I could be completely wrong.

Cheers
Ivan