Agoracom: Small Cap Investment - ValGold Resources Ltd. - OT

Welcome To The ValGold Resources Ltd. HUB On AGORACOM

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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

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Edgy

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OT - Some 'Experts'.

posted on Feb 12, 2008 04:19PM

I put it to you that the so called experts who are saying that gold is over bought now are not looking at the situation proberly.
Many are probably basing their decision from charting or contrarian thinking. Well sure the up trend has been there for quite a long while and if you just go by that then obviously it is well over due for a turn around.
But that is ignoring some of the most basic of fundamentals.
1. Gold is undervalued historically compared to just about all the commodities.
2. The world currency which is the dollar is in precarious trouble and the world is looking for alternatives.
3. Alternatives such as the Euro are also in trouble. Euro's salvation is that it is no where near dollar's troubles. Hence drifting towards it.

There are many more points to consider but the above should be sufficient to convince that any one of these alone is more indicative as to where gold should be going than what charts or over due "corrections" may say. Actually what is happening to gold right now IS a correction.

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