Nice discussion of facts about China and India gold demand, also, Japan for the first time is adding gold etf's to their pension plans at an exhausting pace. I'm hoping that the stokeillator action that you suggested prevails.
nonsense, please be more realistic.....would you?
First of all bullion vault wouldn't furnash the 10 year chart, so I had to go with the twenty
I hope the 1st scenerio holds true. If you draw a line from June 25th ,2005 (425.61) to Oct 7, 2008 (732.55) , and extend the line to today (about 1221) that is how I came up with the possible bottom. As you can see, these areas are criticle to hold, because if it slips below this 1221 level too much, the chart tells me that it's possible to break down to the second scenerio. Let me explain. If you draw a line from Dec 13, 2001 (285.74) to March 2003(319.89) These are the bottoms I'm using, and continue the line to 2015, you come up with about 800. So it's not nonsense to me at all, it's just theoretical judgement. Don't get me wrong, after making a killing in rite aid this past year, I rolled some profit over in gss, and picked up 250k+ so far, so I'm hoping for the best. Have a good holiday.
I see two possible scenerios for gold according to the bullion vault 20 year chart
1) gold is near, or at the bottom right now at about 1220
2) gold will pass through present levels and head toward 800 by 2015
(some say that 1090 is the bottom, however I don't see it in the chart)
The thing is, can they reduce their expenses significantly more, from what I understand they are digging up way too much waste, and all in costs are 1500 per ounce
Jfjf666 reminds me of a fellow named ace tracker on the rite aid board who consistantly bashed the stock like the motley fool when the stock was down and out at about $1.00, and rightly so I might add, things just didn't look good, but I picked up about 30k shares anyway and watched it climb to 5.15 this past year before I sold it and picked up 60k of gss at .61, then another 135k at .42/.43 then another 30k at .51. Hopefully it will continue to climb, but of course there's no guarantee.
Unfortunately I started buying gss in aug. at .61 and watched it steadily slide to .39 . Fornately I've been an agressive bottom feeder and quadrupeled my shares at the .42, .43 level. Now watch it go back down to .39 again. You never know though. The stock appears to have been beaten down, and there have been many 400 and 500 percent moves --. .375 Feb 28, 2001 2.31 Apr 30, 2002 .91 June 30, 2002 7.54 oct. 31 2003 .73 oct. 31 2008 5.22 sept. 30 2010 .442 oct. 18 2013 ???
Try dollar cost averaging like I'm doing. I started buying at .68, then bought another 45k at .42, if it drops below .39, I'll buy another 50k at .32, and wait for a rainy day and cash out at a much much higher price if gold turns around. All the gold mining charts seem to be similar..NEM, ANV, gold, etc. This tells me the whole sector is out of favor, not just gss.