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SANDSTORM GOLD LTD. Message Board

  • johnfox188 johnfox188 May 15, 2012 9:54 AM Flag

    Gold down again...look for a drop to the $1400

    area as gold is way overpriced...gold mining stocks are taking a big hit..do not know when or where gold will hit bottom..very scary for gold investors at this point in time,

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    • Everything is possible with this scary situation. Gold however has pretty good support at 1,500, which probably will hold, at least that is my opinion. I wouldn't be surprised if we are in the middle of a bottoming process now. Just look at the US$ strength the last few days and how good gold is holding.....

      • 1 Reply to unlimited_aw
      • Hey Un, the place to put money now is in some real good REITS because RE has bottomed in a lot of places and will slowly edge up in price as the economy improves..the economy is improving, the autos are selling, people are starting to get jobs with the recovery, albeit slowly. also remember that the New York Wall street crooks are using Europe to churn the markets because these thieves make money on the buy and the sell side,,they have to have movement to make money..things are better than the media is portraying.