Down to freebies with DNT.v now too. Doesn't mean I won't grab more if the price dips a bit.
Doing very well daytrading the high volume gold producers like K, ABX, PDG, G, and the index XGD. Got to decide now if I want to carry a position overnight,...it's the dotcommie days all over again except this time it's happening to what I own the most of (ggggggggggggggg)
Most stock prices of producers fully reflect, or grossly over reflect the current gold price. People are speculating on a higher price of gold, and the income generation of most producers is being ignored (many will make or lose a few cents per share,...which is a lot better than last year but,...). If gold stabilizes below $350, many of these companies are going to fall a lot when the reality of the income statements come to bear.
Many specs haven't reacted much yet,...not sure if it was this thread I said this, but I'll repeat it again,...area plays 5 miles and more away from the drilled resource at Hemlo during that gold rush were commanding $100,000,000+ market caps and had only staked their moose pasture (ggggggggggggg) |
