There is an excellent companion article provided by Eric Hommelberg that also attempts to spell out the potential up ahead for gold.
It is called:
Gold Headed to $200 or $10,000 – Part II
and contains a link to a previous article that is also well worth a read.
The Hommelberg article is available from the following link:
https://www.golddrivers.com/dispatches/tgdrall/showarticle.aspx?id=dc33b4d2-1b10-46b5-980a-b9608809a220
Click Here
IMHO, traders would be well advised to study the potential for gold and of a stock like IGR before looking for 'point' gains in a sector that is only just beginning to show signs of life.
Another must read article is found on Sinclair's site today: - www.jsmineset.com - under the heading
Predictions
Trading for point gains is all very well, but one stands the chance of being left behind when the real move comes out of the blue, catching all and sundry by surprise. The current build up is already telling us that moves are afoot with IGR and that the company is being targeted by serious investors, if not by those who may actually have desires about owning the company outright.
IMHO, at least a few shares should be left in the bottom drawer for the '10 bagger plus' type gains that are eminently achievable for IGR down the track. Especially if gold is destined for the '$2000 plus plus plus' type levels that are being mentioned by those who should know, and by those who have had exemplary track records in calling the markets.
Cheers
Nev
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