Charts looking good and unfortunately it is just charts and instos are not buying ......YET..........POG is not doing too much and inflation is so far under control, DOW is strong so more money is going back to RIO, BHP MQG and others so we have to see LGL like sort of an insurance just in case just in case something bad happens.....like inflation or the collapse of $US........I have been watching LGL for a while and made and lost money in the past and now waiting for the right moment to go back in.....so far I still find more opportunties in other stocks so I really see LGL as an insurance, the past few weeks market in the world were under pressure and I thought this is the time to get back but hell POG dropped too along with the world market and LGL and other gold stocks came down as well.......that reminded me of the crash last march when gold supposed to out perform but as you remember GOLD came down. Gold bulls still bulish and experts have been saying gold is going to hit over 1000 but hell they have been saying this forever and now it is not even close.....sure sooner or later they will be right and the problem here is if you listen too much to this so called experts and keep watching LGL then you will get reminders all the time to pay your bills as we can't make money out of this stock to pay ourr bills, no no no ......I was wrong we can make money out of LGL but very difficult and there are lots of other stocks that you can, so maybe it is time to just watch it for a while but don't depend too much on the so called gold experts saying gold heading towards 1000 it is going to happen but maybe not for a while yet and we can't wait and wait and wait..........when other stocks are racing past at 100 miles......................in time experts will eventually be right but in 100 years time everyone will be right too at least once...........
Cheers.
LGL Price at posting:
$2.92 Sentiment: None Disclosure: Held
