Nice finish to the year for gold. Headlines talking about best...

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Barolobill

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30/12/17

09:07

Post #: 29946110
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Originally posted by Barolobill ↑

Gold is in a funk at the moment. Lots of negative sentiment, which is usually a good time to buy.

If you think about it, it’s exactly what you would expect in a maturing bull market for equities. Stock prices only go up, I’m missing out, time to invest, gold is dead, bitcoin is the new gold, inflation is dead. Volatility is dead. All my friends are making money, my mechanic makes more from bitcoin than I do working for a year, invest more. Think less, watch stock prices go up, wow, this is easy, invest some more, maybe borrow to invest much more. Watch stock/bitcoin prices go up. Quit job as mechanic and start day trading. So easy...

The bull market will die when there are no bears left and gold is hated. Still some way to go

People are terrible at predicting the future, and forget how quickly things can, and do, change in markets.

To be honest, the width would have to be better to get people really excited. 2-3m @110g would have sparked some interest IMO. EGA is still a low(er) risk investment at these prices and looking forward to the upcoming drilling results.

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Nice finish to the year for gold. Headlines talking about best annual return since 2010 (USD). Still a great time to develop a gold mine in WA.

EGA's performance in 2017 was flat and a bit dissapointing, but 2018 should start with a flurry of drilling assay news and lead into the DFS around April.

Still hoping patience will be rewarded here.

EGA Price at posting: 27.5¢ Sentiment: Buy Disclosure: Held
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Add EGA (ASX) to my watchlist

Nice finish to the year for gold. Headlines talking about best...

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

'Taking money from the market': Garbage giant cleans up as this week's Hot Stock tip

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up