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Re: NYBob post# 3754

Wednesday, 02/12/2014 2:59:23 PM

Wednesday, February 12, 2014 2:59:23 PM

Post# of 5870
NYBob, I can't imagine back in those depressionary times putting anything into the market as most folks were in survival mode. It took real guts buying stocks, especially speculatives like gold miners. Today, I guess it takes that same kind of intestinal fortitude to venture into the miners, such as with Caledonia.

The industry remains volatile due to ever changing regulatory landscapes and continued government intervention. I'd like to think that we could see another 1929-1935, or 1979-18983 rally in the precious metal stock sector as the POG hits its intrinsic value peak of around $5,000 per ounce. Just how Caledonia will play out in this environment is anyone's guess. We'll just have to wait it out and see where the chips fall.

Anyway, have a good one and thanks for the continued postings.
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