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IAMGOLD Corp. Message Board

grednam2000 2 posts  |  Last Activity: Mar 25, 2015 12:04 PM Member since: Aug 2, 2008
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  • grednam2000 by grednam2000 Mar 25, 2015 12:04 PM Flag

    Market's down. No faith the Fed will see to it that prices go up. Well if everybody's scared and selling off, let's hope the sellers park some of their cash in some form of gold. It makes sense that's where the capital coming out of this market ought to go. Gold always benefits from fear.

  • …the environment is, what I've always said it has to be for that to be true: where day after day the market is up, the dollar is down, and gold is up. These indicators are the ones expected if we know inflation has been given free reign to occur. The Fed's recent stance seems to be a positive nod to encourage inflation, so let's see...

    On another topic of interest to SLW followers, former SLW Chairman, current SLW board of Director, Harvard Grad, Eduardo Luna and his tiny, penny-gold-mining producer, Rochester Resources, has just consolidated shares to only 13 million plus. RCT's share price has since backed off, yet may be having a good report coming out in April, since it has yet to bring forward a quarter where it's newly-expanded mill has processed high grade ore at capacity. RCT might be a good spec if gold is going consistently up from here, and RCT can establish more growth. Luna did great things in the "growth" departments for SLW, and before that, as a President of the Mexican mining operations for Goldcorp. RCT is in a pretty good part of the world for high-grade gold and silver. Maybe EL can hit the home run there too... We'll see.

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