Well done to High-profile Goldman Sachs broker Richard Coppleson
"If gold bounces $100 from here – which is not that hard to see – then gold stocks will have a big run."
Actually Richard, its not hard to see gold falling to 1200 then 1100, A broken trend line, looking to re-test support, Why would a 'high profile broker' make such a call with gold trading the way it is??
Timcoxon,
"There is a buyer for every seller...just a change in the shareholder base, possibly for the better. These levels are providing good buying opportunities...Im staying positive..no reason not too. Gold is the only true currency..everything above the ground is credit....Tim"
Tim, there are more sellers for each buyer that is why the price dropped 17%.
SLR is about to test the closing low of 67 from 22/05 and if it doesn't hold look out!! This MAY end up back into the 30's
This has now lost approx. 85% since its highs and to regain that needs to increase by over 500%, if it drops into the 30's it would need to increase by around 1200% to regain its highs...
Cheers
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