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Re: checkmate28 post# 34990

Monday, 09/21/2020 5:49:21 PM

Monday, September 21, 2020 5:49:21 PM

Post# of 35706
I too picked up some F.V a few months ago. I've been fruitlessly waiting for a dip to add some more, but if this is the gold correction we have all been expecting I just might get my chance.

Right now my main preoccupation is to figure whether we have seen a multi-year top in gold already, i.e. we are recapitulating the 2011 peak, or if we are just seeing a correction which will bottom out in October or November. The arbiter is, of course the USD.

There are so many unknowns right now it is really harfd to make predictions.

I am not the type to wish another investor losses, but I can't resist pointing out that GGI has been in a downtrend for almost 3 years now, even as nickel bull market has been underway for the last six months. And I even with the new discoveries still don't see any sign the property holds enough nickel to make a mine unless nickel prices go much higher, and even in that case there would be many other lower cost producers coming into the market.

LC

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