Gold is going up.... and buying APP now is a bargain. i firmly concur with previous posts about the volatility of the world markets, the safe all year round access to a proven gold deposit in the Dufferin Mine. And to what seems to be the gathering of a great management&mining team. Years of very successful experience from all areas.
This is a fantastic opportunity. When everyone else is going to be crying in their cornflakes, we will be laughing all the way to the bank.
Can you imagine 60,000/oz/yr at $4,000 = $240,000,000/yr
Got to love those numbers.
Best of luck to everyone.
$4,500 gold in sight says chief gold bug’s top chartist
Alf Field, the favorite technical chartist of chief gold bug and veteran trader Jim Sinclair, who got the recent correction from the $1,923 all-time high right last September is forecasting that gold is going to head rapidly upward to $4,500 an ounce.
Mr Sinclair, whose own prediction of $1,650 by early 2011 made a decade earlier was spectacularly almost spot on, commented:’ I have long held that the best technicians simply know the market of their interest and use TA as a point of focus…The prices of $3,500 – $4,000 and $4,500 are now in the market’s focus.’
For that to happen there would need to be a major financial disaster. Something like a massive stock market crash followed by a huge global money printing exercise to flush debt out of the system. That would impact hugely on the price of gold and silver as monetary metals that cannot be printed by central banks.
‘The low gold price on 23rd July 2012 was $1564, certainly not a new low,’ writes Mr. Field. ‘Yet the gold price started rising almost immediately.
‘Within a couple of days the gold price had broken upwards through the downtrend line that had been in place since the end of February 2012. This is a very positive development which will be greatly enhanced if the gold price continues to move strongly upwards over the coming days and weeks.
‘The bottom line is that we now have a really strong probability that the correction which started at $1,913 on 23th August 2011 has been completed both in terms of Elliott waves and also in terms of time elapsed. If this is correct, the gold price should soon be expressing itself in violent upside action as it moves into the third of third wave which is still targeted to reach $4,500.’
That’s what the technical charts for gold are telling us according to the guy who ought to know.