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Strategies & Market Trends : Ride the Tiger with CD

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To: Zincman who wrote (207790)	12/16/2011 11:58:54 AM
From: Claude Cormier	4 Recommendations Read Replies (2) of 312980

Aren't you assuming that gold can only go down? IMO, Cannacord has it right. Barrick/Goldcorp will repeat wht they did for Pueblo Vejo...i.e. be partners. There is a good reason for this: similar metallurgy and recovery process. As for the price, it is based on the long term price of gold anyway. So no matter if gold is $1400 or $1600, it wont change too much to the long term price, currently at $1156+-. The coming PFS will likely be based on US$1200. So that should be the guideline for at least 12 months. Now if Europe and the world moves into a global depression, well then maybe it will be different.

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