Most gold stocks have done reasonably well over the past few weeks. They have managed to remain stable and move beyond previous hurdles. Gold prices have remained stable. There is not much strength or momentum, but the negativity has definitely reduced. This may change very quickly due to some macro trigger, but till that time, the outlook may not be that gloomy. The crash over the past few months has surely priced in a lot of negatives. The stocks have rebounded from crucial levels, which have been tested on a couple of occasions. Thankfully those levels held, otherwise the cut could have been much deeper. There are still some voices saying that there may be more downside. There are others which are predicting consolidation and range bound trade. Seabridge is also doing better than expected, and may settle into a new range of $11.5 to $14.50. If $11.5 breaks, there may be more downside. The company does not have a regular stream of revenues at this stage and moves more based investor interest in its properties. It had sold its Mexico property a few years back, and after that there has not been any major revenue inflow. There have been acquisitions of development stage assets by bigger companies. Many have increased stake in some companies. Coeur D'Alene has recently hinted at some consolidation around its properties in Nevada. It had hinted that it may look at strategic investment in some smaller companies. CDE already has a 5% stake in Pershing Gold Corporation (PGLC) which is planning to start production in 2014. These acquisitions have long term focus and may turn out to be profitable when the sentiments show a marked improvement. Seabridge may be looking for investors and may also remain on the lookout for small stake in some good development stage assets that may be available at cheap valuations.