Replies to post #660 on IAMGOLD Corp (IAG)

[doglover1]

You're right. This will be under $3 bucks before years end and it will probably take it a long time, maybe years, to get back to 7 - 8 range again, if ever.

We'll just have to buy more in the $2's to average it down, then ride it out. Gold will be rangebound between 1100 - 1400 for the forseable future, barring some sort of world catastrophy or worldwide hyper-inflation.

These low gold prices, if continued thru next year - and I'm pretty sure they will - will close down some marginal miners = POSSIBLY EVEN THIS ONE = and the restrained lower gold output over time will slowly push the gold price back up. But it will be a long, bumpy slog.

[JohnCM]

Big time buying opportunity. IAG is on top of the list now.