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Strategies & Market Trends : Ride the Tiger with CD

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To: TheSlowLane who wrote (37655)	12/2/2005 3:04:56 PM
From: TrueScouse	Read Replies (2) of 313059

Paul: Great quote from Embry. He had an excellent track record when he was running the RBC gold fund, and I expect Sprott will be one of the leaders in the next leg up. It's also good to hear him mention $511 as a critical break out point -- not $500. IMHO $500 is an important psychological level -- cash gold peaked at $499.70 in December 1987! But technically the February 1983 peak of $509.20 cash ($515 to $520 futures) is far more important. Once it breaks above there there's no significant resistance until it reaches $700 -- which is why I think we'll reach that level in 2006. :^) And if POG does move to $700, a stock like GRS will be a multi-bagger from here. As I noted in my post to R-E, they're sitting on a gold mine... glrresources.com With somewhere between 600,000 and 1 million oz of gold in a deposit that's economic at $350 POG, a market cap of less than $10 million US, numerous other prospective properties, etc., I think GRS is a steal at this price. So I bought some more today. <g> Best regards, Howy

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