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Saturday, June 27, 2009 6:27:16 PM
Will the share price head down if gold goes lower, I don't really think so and this is why: When gold corrected last year, GSPG held its value much better than many of the mining stocks, at least in my portfolio.
We've also been testing these lows and it seems like the shares are in strong hands. Goldspring also has major expected news.
Many of my miners have been shooting up as of late but the royalty stocks are definitely lagging. Perhaps if gold trends down, I would expect to see royalty stocks take a hit as their bottom line is more immediately tied into the POG.
I think he's in denial about inflation. Supermarket prices have gone up and if not, they've reduced the amount of food in a package by 10% - 20% as not to sticker shock the consumer. I just came from Staples where my toner cartridge costs ten bucks more and a box of envelopes was almost another ten.
He seems a little urgent at the end of the article about selling & shorting gold.
Does this guy have ties to the Fed?
Thanks for the read...
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