If gold may drop to $1000. or less as according to some analysts/pundits, might be better to hold off although I think it was Garman said it might bounce to $1400 -1450 by end of year before dropping to the $1000 area.
I think I will wait and see if gold drops to $1000 or below like some say. Who was it yesterday thought gold would go to $1400 or so by year's end, then fall 50% ? Pundit named Gartman, I think. Of course $1400 would probably provide a nice boost to gold stock prices from here.
Why would that make a difference? If the stock has no value at $1.18, why would it suddenly have more value at under a buck? This stock is going to zero. It has no value because the prospects for gold are horrible and they don't have enough money to wait until it makes sense again. Plus, no one will buy them when gold is tanking. This stock is done.