Doc is not as pessimistic as Gary and Rick
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GPR Q2 numbers released August 6th:
AISC : US $24.73 – US $25.12
Net loss was $4.5 million
I got into gpr at .25cents. First timeof course.
What amazes me is gpr is now loseing what? Matt says 4.5 million, Im gonna guess over a year.
How the heck can the managers keep their jobs? Why do people invest in losers?
Its a casino I guess, people like to gamble.
Deals that make sense? I think those are in water related companies.
But, I kep lookin for that next 10 bagger.
Bird, I’ve been watching it ever since I got out at about 1.50. I believe we’re going lower yet but am getting ready to pull the trigger when appropriate.
Remember, you may be right about gold going lower, but if you sell a good mining company you may miss out on a takeover or a big exploration success. So hang in there…
Doc,
I am waiting for the word on GDX and GDXJ. Thanks for getting me out in July, Excellent call Doc!
You’re welcome, cmc. That’s why TA can be so valuable. I’ll say when I am getting back into these and others. Right now it’s like catching a “falling knife”. Also, remember that you’ll have plenty of time to take another position unless a sudden huge “black swan” engulfs us all.
Al
Falco Resources Ltd is down 32% in the past five days and 22% in the past 30 days.
Sincerely,
rwg
GDX not exactly holding. It is headed to 20.
Hey,
Doc,al,cory,gary, skeeta,james,matt,hh,cfs,lawrence etc..
As promised and im sorry its a very late posting here in toronto at 12 evening time.. I entered 75% position in my trading account.. I plan to enter fully by tommorow or end of week. I was salivating at the opportunity to get in at these prices. So I pulled the trigger based on technicals, long term patterns/prices and overall gut feeling of how so many people including in here are so bearish it’s unprecedented. You all have it as a for sure thing.. 950/1030/1050 “It’s across the headlines and news media outlets” all because goldman says so.. Guys you can’t be more wrong! Most of you are on the wrong train. Oh well I expect a big move tomorrow or end of week like doc. Not sure how much of a bounce we will get but if the volume is 3x the volume on miners, then i think the final bottom has been put in. This move will not be telegraphed people will be left behind.
205 gap=check
198gap=next “tomorrow
192 gap=final gap i see.. If your not buying at these prices when red is screaming for days on end.. When the people are chanting 1030 gold, when al and cory are bearish then you will never recognize good value.
Hi glenfidish,
We obviously see a totally different trend for Gold…..& that’s fine.
I wish you every success with your buys, me ?…..I’m just not convinced yet.
I believe the worst could yet be to come for Gold.
What will you do if it (the gold price) does head downwards slowly (or totally collapse) ?
Will you sell out ?
Or are you prepared to ride it all the way down until the gold price starts with a 9 or 8 or lower ?
Like I said earlier, I wish you every success with your buys.
But I’m sitting totally on the sidelines now in gold mining stocks.
Cheers.
Doc i have a low already on a few miners..You may not get another opoortunity for some of these miners at these levels in october. October may just be sideways and slightly higher off these lows. Just saying..
Great Panther hit a 1.00 low today Doc. It was 1.60 in July.