KGL 0.00% 10.0¢ kgl resources limited

strong gold trend good news for burnakura, page-13

  1. 13,896 Posts.
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    I only sold some because I was approaching my limit on this stock.
    By not selling any trading parcels from time to time (especially on such big moves), I would be unable to buy at times of weakness and I really like buying on weakness with stocks I am very bullish on.
    Still holding yesterdays parcel because I think this will go further short term.
    No way I am selling majority holdings unless something drastically changes for the worse or I see prices many multiples higher.
    I still think this is going to be a 10 bagger with ease in around 3 years with gold continuing its current trend and three projects running.
    20 bagger is not out of the question if you believe in much higher gold prices as I do.
    Nick Laird's Elliot based target is 32,000 by 2015.
    Yes just 3 years and that is 32,000 not 3,200.
    No I am not relying on that number, but I am expecting my short term target of $2,800(with no further inflation) and would love to see Alf Fields $4,500.
    If we get hyperinflation, even 32,000 could be conservative but none of us want to see hyperinflation so I am hoping Nick is very wrong.



 
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