May 12, 2013 01:57 am
Thanks for responding. I'm not sure gold is going to start a consistent upturn until we get past the deflationary concerns we're seeing all over the world. That concern is also slamming all metals. But, if you really want to be happy about where gold is headed read ANYTHING that Peter Schiff has to say, here:
Personally, I think gold is going to drag along for a while and maybe even drop to $1200. Tensions in the Middle East could change that, at least in the short term. That area has never been this volatile and that's saying a lot.
I figured that Teck wouldn't O.K. drilling until the next freeze up anyway, so it doesn't surprise me it's moving slow. It's a crapshoot proposition and it's an expensive proposition and in both cases that's because of all the overburden. Darwin said one time, "We'll find gold, but it may take a lot of holes." I was just hoping that the "gold in soil" numbers would be so great that they'd lose their sense of propriety and say, "Go ahead, here's a blank check".
I'm looking more long term on Constantine now. I still like the properties and I still like the management but the circumstances have changed and not in our favor.