I have not followed GRY that closely to know how often they have recommended a sell on GRY. I think this is the first time.
You are right. They should have recommended their followers lock in profits a long time ago. That is a very common mistake.
I missed the GRY uptrend because I was a bit stingy and have only recently had another look at GRY and AMX. My broker said that most west African goldies were overvalued last year.
There are heaps of cheap goldies, some of which are actually producing gold.
The west African explorers which I think can get into production in the next 2 years are PMV, GRY and AMX.
I will be looking to deploy my cash in the second half of 2012. At present I think there could be more weakness, especially when the US markets finally have a significant correction.
loki
GRY Price at posting:
92.0¢ Sentiment: LT Buy Disclosure: Not Held