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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: Mario :-) who wrote (47500)8/17/2007 8:20:34 PM
From: ogi  Read Replies (2) of 78419
 
Well Mario, life has sure changed since I wrote that!!!!! I have been bombed this week, worst I have ever seen no matter what the % losses are on the HUI or whatever.

I sold some of my SAC when it showed weakness just above $1, then some more and the last of it I actually got the high yesterday at .85. WOOOHOO!:) At least I was selling at a profit.

I like the numbers from the latest but they are not as sweet as that first hole,so probably some people disappointed. I am still not clear on the indium and gallium markets but at a quick look it seems with those credits they could be producing silver DIRT CHEAP. However, this market correction won't change the down pressure instantly and then you have the uncertainty of Bolivia too. My take, I am out for now and will monitor going forward. I don't doubt they are drilling off a deposit and this is not their lead property so lots of good things to come from SAC but personally I doubt it is a prime candidate for bottom fishing in the current mess. No hurry I guess.

Cheers,
Ogi
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