Hi crusty,
You have so much cash you are going to need a wheelbarrow to carry it all around in. <G>
WGDF will have a feas due soon. I think it will show what can be done with a low grade deposit with lots of tonnage. Meaning CKG's deposit in Mexico may fit the model or at least have many similarities.
I have not followed your other choices.
I am going with this guys gold price prognosis as it fits what I want more. <G> But he has been darn good:
<Gold topped on May 11th at just above my projected price target of $728.00 and then proceeded to correct 25.7% meeting my original estimate for a correction . That correction bottomed one month later at $542.27, immediately reversed course, and has not looked back. In a June 15th article, I identified that bottom for you and stated that my initial thinking was that gold would trade in a $50.00 range and eventually test the $542.27 bottom. In short, we would consolidate for a period of weeks before taking off to the upside. So much for thinking! Gold bottomed, stayed in my range for all of two weeks, and then took off just like the previous rally. On Friday we closed at $664.11 and well above what should have been significant resistance at $644.70. For the week, the yellow metal rallied $33.73 and did so in the face of a dollar rally. So much for those "Gold Rallies on Declining Dollar" headlines that pop up every day. Stupid comments by stupid people, for an audience too lazy to search out the truth!
In conclusion, I believe that gold is ready to explode to the upside with a test of $728.00 at the very least and maybe even a test of the all-time high of $887.00. There will be no test of the bottom and the countless investors waiting for a lower low before they jump back in are slowly coming to the realization that they were left at the station. This is the time to buy gold, now, today, tomorrow, this week! Gold is going higher, a lot higher, and it will be volatile. Eventually you will see $100 ranges in a trading day, so buy intelligently. But buy! Buy little by little every month. Don't try to get the best price, just buy! By the year 2010 you will be very happy that you did.
-Enrico Orlandini>
321gold.com
Tom |
