Welcome to the San Gold HUB on AGORACOM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
AGORACOM NEWS FLASH
Dear Agoracom Family,
I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.
As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.
To this end:
1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.
2.Additionally we will also be implementing a couple of design improvements to "tighten up" the look and feel of the forums.
Sincerely,
George et al
Message: 10 Year Grind
Starting in 2004
Major Move 1 - Up
.15 to 2.25
.15 - 0%, .95 - 38.2, 1.20 5%, 1.45 - 61.8%, 2.25 - 100%
Major Wave 2 - Down
retrace to .57 (.57 is ~50% of .15 and .95) with Wave 1 high of 2.25 becoming 38.2 Fib level for next move from .57 to $5.
Major Wave 3
.57 - 0%, 2.25 - 38.2%, 2.78 - 50%, 3.30 - 61.8%, 5.00 - 100%
Major Wave 4 - Down
retrace to 1.35, ~exact % retracement as Wave 2(1.35 is ~50% of .57 and 2.25) with a similar timeline down as Wave 3 up.
Wave 5
1.35 to 10.85. As in Wave 3, previous Wave 3 high of 5.00 is the new 38.2 Fib level for the move. Time line fits for sometime in early 2014. Probably a Friday ;)
1.35 - 0%, 5.00 - 38.2%, 6.10 - 50%, 7.22 - 61.8%, 10.85 100%.
At this point it could keep going or break above the top channel in a blow off perhaps on a takeover or some other freakish event like a Goldcorp type discovery.
In all reality, a $3.5 billion market cap is not out of the question with gold over $2000, production ~ 200k/y and 5 million ounces in the ground.
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