"Oil is going to tank some more and take the goldies with it"On...

"Oil is going to tank some more and take the goldies with it"

On what do you base this guess? Any evidence?

I tend to agree that oil is likely to retrace further - but that is a pure guess. And as for gold - this is still in a screaming long-term uptrend. It is likely to continue its merry run north, in stepwise fashion - onwards and upwards. Likely to nudge the $1000 level 2 or 3 times before breaking back above then staying there.

The gold MINERS - as opposed to gold itself - have been grossly oversold, including LGL. Much of this has been due to short selling and ahem, manipulation... ;)

LGL should actually be a significantly higher SP than it is now, since the Equigold merger, given the extra production and exploration. But look at the EQI chart prior to the merger - then look at the LGL chart...! Disgraceful! And Equigold paid a divvy too, which LGL doesn't.

Methinks the EQI holders (including me) have been dudded, in much the same way that BSG holders got dudded after CXC took them over. Both LGL and CXC (gold and silver) have been, and still are being, heavily shorted.