Final thought for today, unless gold collapses, the RBY train is leaving the station. There are many on this board who have been talked out of their positions or have greatly reduced their positions. You can still get on the RBY train at a great price. ALL ABOARD! Conductor Rocky
By the way, Wolf... may disagree, but today RBY made an interday recovery high of 1.42 and a closing recovery high of 1.39 for those who are impressed with those things. Also, I believe that the expert who caused Adamson to compare RBY to Campbell's mine will prove to be correct.
About 1 hour before the market opened, I feared gold might collapse and take RBY with it. Then the GREAT drilling news was released, and I put in an order to buy 2,000 shares of RBY at 1.26. My guess was that RBY would start trading up on the good news, but then would drop on gold's poor performance, and luckily my price was perfect, the low for the day. My attitude was that the drilling news was so good that I would take a chance that gold would not collapse. My guess turned out to be on target, at least for now. RBY closed at 1.39 and #1 on Kitco's top 5 list.
Sew..I agree that the deep results at GG's Red Lake are better, but RBY is clearly in Campbell's league which is a great league in which to be! My guess is with these drilling results, Rob would pay 1 share of MUX to take over RBY, but that is too low to be successful, and would finally force GG's hand.
The drilling results were great, the kind that convinced ROB that he had hit it big at Red Lake. I count 15 hits above 20 G/T and the spectacular hit of 4m at 136.5 G/T has a hit of 1M at 37.6 G/T rjght next to it. So even though Mr. Gold is not friendly, I added 2,000 shares at 1.26 near the opening.
Weird trading again for RBY, but if you have the guts to buy low and the smarts to sell high, it has worked recently. I didn't have the guts to buy low this time!
Thanks, Wolf. The reason I am not all in with RBY and hence will take trading profits is the price of gold.Deflation is a possibility, so declining gold is a possibility and why you have a line in the sand!
I thought selling my 2,000 trading shares of RBY at 1.39 was a mistake, but its disappointing close at 1.32 was not encouraging. Still, RBY and MUX traded almost identically today- RBY up 6.45% and MUX up 6.73%, so a merger between them may be in the works.
I sold my 2,000 trading shares of RBY which I bought at 1.27 at 1.39. I still own 33,000 long term shares. I suspect that RBY will surge unless gold collapses, but a trade is successful if profitable!
Wolf, I took nice profits on 4,000 RBY at 1.63 based on your concern when it reached the 1.70 target. Thanks and keep posting. Rocky