Eldorado Gold Corp (EGO)

[mortalmyth]

chief, I'm beginning to think you might not see your $8 price for EGO. I'm starting to see some indications that gold could be getting ready to break out of its year long trading range and head higher, much higher. This will serve to take EGO and other mining stocks up with it.

As far as a bubble, the price of gold adjusted for inflation should be around $2,300 per ounce right now to be equivalent to the peak price made in 1980. As such, I consider gold a good value at today's price but expect to see it rise significantly over the next few years as higher real interest rates unfold and inflation takes hold. I can see gold at $3,500 per ounce when all is said and done, and at that time I'd deemed it in the bubble class. Of course, everyone has their own opinions and that's what makes up this crazy world.

Anyway, good trading to you and have a good day.