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Sandstorm Gold Ltd. Message Board

  • its_greek_to_me its_greek_to_me Sep 3, 2013 1:48 PM Flag

    $1500 gold is coming---this month

    At $1500 all this entire industry's woes begin to subside and profitability is sustainable over the long haul. Markets are irrational; no one can convince me otherwise, and the sell off that we saw in June was greatly overdone. SAND is always a laggard, but it will respond in-kind shortly.

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    • What is odd is the trading pattern. 6.7 pre-market, sold off heavily, ran up to 6.60 now making new lows as gold and the miners or NUGT have increased throughout the day. Why the sell off if the sector is in the green?

      • 2 Replies to biotch999cain
      • Today, gold is down, so we know why SAND is down today....yet again. This trading pattern with SAND has happened several times in recent history. At this point, I am resigned to just look at the slow stochastics and know that we will bottom in a week or so. Recent history has shown that when we bottom in the slow stochastics, a sharp recovery almost always ensues within another week after that. That should take us back up to $7.40. Here's hoping good history repeats itself too.

      • Here is what I think is happening. Since Donner defaulted on B-M and Sandstorm is must rectify that default in order to claim Donner's interest in B-M, they will issue stock to let Donner rectify that default. Creditors or agents for Donner are currently shorting SAND by that amount of stock. It's temporary, SAND is fundamentally stronger than ever. Donner's loss is SAND's gain. It's not much stock we're talking about but it's enough to wreck havoc for a day or two. It is a buying opportunity as I see it. SAND is cleaning up Donner's mess here!

        Sentiment: Strong Buy

4.82-0.010(-0.21%)Jun 27 4:00 PMEDT