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Re: wshaw14 post# 251

Wednesday, 10/23/2013 11:25:43 PM

Wednesday, October 23, 2013 11:25:43 PM

Post# of 1870
sort of ambiguous comment there

just a matter of time IMHO "if gold cannot hold at/above 1350"


Assuming you mean gold will break above and leave 1350 in the dust, I will agree, it is written. It has been so commented by many over the past year and two.
However, that fact (if it is fact) is not imo actionable, and for investing I want things that are actionable.
The interventionists appear to have unlimited resources to throw at their control efforts (they have the presses), appearing limited only by the ability to manage to confidence held by the public perception.
If a timeline could be placed on the change allowing your "just a matter of time" then this would be actionable in my form of investment strategies. Otherwise one only has the long term hold and hope approach.
For PVG, if in fact the better interpretation of the initial sample results mean that some part of the supposedly representative sampling will not be within the range needed to be economic resource, one seems left with either the "punt for a gold breakout" or the belief that the other types of representative sample blocks will come in sufficiently above the cutoff to cover the costs of moving what now appears to be waste instead of resource.