Banro Corp. fka BAA

[baystock1]

Below are some thoughts written in the spirit of hoping for the best while preparing for the worst:
Per chart link below POG may just now be completing a not unexpected 50% retracement:
http://i.imgur.com/qtvUZNM.gif
IMO we haven’t seen enough capitulation selling yet. If the $1070 level doesn't hold the next retracement level is 61.8% or $880. I am mentally preparing myself for gold going to $880 as there is a decent chance this will happen, as I don't think there has been enough capitulation selling yet. At $880 gold price I think BAA share price will retest the 15 cent level and so I am mentally writing down the value of my BAA shares to 15 cents. I will resume marking the shares to market once this capitulation move has clearly ended. It will be clear to everyone that we are seeing capitulation once we are in it. Right now there is room for debate which means it hasn't ended. As I am not a trader, I plan on riding this coming capitulation down as fortunes will be made on the other side of this final capitulation move down and I wouldn't want to take a chance of missing the spectacular upleg that should follow. Banro should be able to easily survive $880 gold price for a few weeks/months as it should still be making a margin of $300 and this will be sufficient to cover all cash costs including interest expenses. It is in the interest of all long term investors to get this capitulation move over and done with in the next 6 months or so, rather than having the down trend drag on for another year or more. This way when the march 2017 debt refinancing deadline comes along BAA will be doing so in a favorable environment where both gold and gold shares are in clear long term up trends.