You know very well that many lemmings sold yesterday. Just another,albeit violent, shake of the tree to disengage more weaklings - the same weaklings that will be the first ones on the board blaming, as usual, everyone but themselves.
during the past year i day traded a lot of stocks. gg i traded last year when gold was at 310 a ounce. i made a lot with gg. but later on when gold broke 375 i started to look at other stocks to trade instead. i made my money and i was happy. today is the first day in over 9 months that i went long on gold. the stock i picked was gg. i hope to be able to sell it sometime tommorow for a profit
tomorrow. That does not matter in the big picture. When GG releases their quarterly report, earnings and new projections for production we will know where GG is headed. I believe the dollar will decrease in value by another 10% to 15% so that gold should rise by at least that amount this year. That would put the year end 2004 price of gold in the $450 to $470 range. IF this should happen what do you think will happen to the price of GG stock? $10, $15, $25 or $30 per share My thoughts only.