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Lake Shore Gold Corp. Message Board

  • allsport232323 allsport232323 Oct 4, 2012 3:02 PM Flag

    Highest days to cover in LSG history (43 days), SLV & GLD breaking out

    Per my post 10/1, SLV was holding $33 and GLD was holding $169 and I suggested adding to LSG, as well as base metals. I bought another 2400 @ .993 on 10/3.

    I went back and looked - LSG has NEVER been this short, since inception. When SLV and GLD break out (both are very close, on decent volume), I will be selling my UNG and using all proceeds to buy
    LSG, AUMN, SSRI etc - companies in the right industry that have completed offerings, and still remain very, very short. This worked like a charm near the end of 2008 ( I was buying CDE, HL, SSRI then)

    Buying another $7-8k LSG on the base metal breakout. Ahead of gold production this qtr (see their site and recent release). Overdue for an upgrade as well, as are all miners.

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    • I still don't really understand who in the right mind would short a 1.00 stock. Especially one that trades as thin as LSG and LSG.TO. Possibly this has to do with the recent debenture financing?

      It doesn't matter anyways. LSG is simply a growing junior miner that has decent multiple deposits in one of the only mining-safe countries in the world now.

 
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0.9285+0.0035(+0.38%)Apr 17 4:00 PMEDT