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Lomiko (LMR: TSX-V) to Complete 43-101 Report on Previous Drilling at the Quatre Milles Graphite Property *CLIENT* Read More

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McLaren Resources (CNSX:MCL) Drills 7.0 Grams Gold Over 7.4 Metres at the TimGinn Property Located Adjacent to the Hollinger Mine *CLIENT* Read More | Watch Beyond the Press Release

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Message: US gold hits 1-week high, nears $960 on weak dollar Fri Aug 21, 2009 7:34pm BST

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mudlark

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Re: US gold hits 1-week high

in response to Re: US gold hits 1-week high, nears $960 on weak dollar Fri Aug 21, 2009 7:34pm by flora2

posted on Aug 29, 09 02:40PM

For an exploration stage co like this it is not the daily fluctuations in gold price that will determine action or inaction, but the direction of the long term trend. And for gold that long term trend is definitely up so if a company can continue to sell shares to fund current expenses there is no great incentive to rush to dig your gold out of the ground if it is worth more two or three years hence.

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