Of course, as we know the prediction business can be tricky; however, I think a reasonable date for a Gold price move could be 21st of March and whilst the Gold price dosen’t usually influnce shares like BBX I still feel we should be on our way upwards on or before then.
Mr. Bullard from the St Louis FED makes a case for a full 1% interest rate hike for 2018 hinting at 4 0.25% hikes and not the 3 currently talked about. I feel there is a good chance at the 20th &21st March FOMC meeting of a 0.25% rate rise. I’m not claiming to be like his eminence the king of negative innuendo and knowing everything about all subjects it’s just my current thinking.
Thinking about our other naysayer.
I think this line is a bit rich as well: “I don't wish to destroy and poison the remaining Rain forests that support our mother Earth... Got that?” When he is supporting a uranium miner!
Possibly our mate doesn’t have a TV to keep up with the news I’m sure the boys in charge here also had no wish to poison the worlds ocean either but things can and often do go wrong!
At least it’s all very amusing and as good as anyway to pass the time until we hear about the environmental license, the trial mining plant and the next round of assay results.
As ever just my opinion of course certainly not advice I leave that to those that think they are a legend in their own mind and all knowing. These entertaining exchanges should tell any potential investor just how important it is to do their own research and full and due diligence before entering any stock let alone this speculative end of the market.
I am sure we are all well aware of the risks in the exploration business; however, I have considered the risk here and feel the risk reward ratio is worth my efforts. I have been involved in a business manufacturing mining equipment since 1989 and I can’t ever recall making any real money without taking some level of risk, but that’s just me!
Cheers and very best regards: Andy
BBX Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held