Hi Spec, Well at least we performed better than SBM today, what a tough day, Heres my take on the current situation, We are not in a bull market for gold yet, but old gold tragics like us can smell it coming with the coming inevitable inflation, the dow etc sells off , no matter what happens with the gold or gold stocks, in the 2 hours or so we wait for the aussie market to open, the Dow/SP/Nasdaq futures etc bounce on oversold hopes, and that puts us against the tide when we open, as buying the dip has been a good strategy for them, that might be changing now.I see gold and silver are bouncing back now but will the gold stocks be able to claw back these losses as quickly, I doubt it. When they do we will be in our own bull market, then we will have our own mainstream investors and buy the dip mentality, looking forward to that.
RRL Price at posting:
$4.36 Sentiment: None Disclosure: Held
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