Ie Coan Bie, While I agree that the problems of Asia will eventually find their way to the US Stock Bull Party, I do not agree that this will necessarily effect BCMD. Today we saw a small rally in POG and gold stocks. It will probably be another false start and sucker rally, just as Friday's 222point drop in the DOW, was another false alarm "buy the dips" drill. However, one of these days the drop in stocks will be for real and the bull run in gold will be for real also(not necessarily same time frame).
BCMD will rise and fall, for now, more on its POTENTIAL than on any external events. Sentiment associated with the POG will have some effect, in the dreary lees of a PM bear perhaps 10% on BCMD price. But until BCMD becomes a bigger producer and is valued on bringing out an increased percentage of those "inferred reserves", it is being valued much more on its POTENTIAL to do so; therefore the effect of POG is limited as long as cost per ounce is confortably below POG. If POG gets anywhere near BCMD cost, gold will have to then explode soon anyway. All IMHO, of course.
PS Got a taste of that Bear Blues Sentiment yesterday, now didn't ya<VBG>??
Roebear |
