I have played gold stocks for 30 years. They have never done me wrong. Many hate them because they dont know how to play them and they listen to the guests on BNN too much. I once around 1997 picked up Eldorado Gold at $.25 cents. Yep a quarter. It went to over $20 ten years later. I unfortunately sold it at around $3.00. I still did well, BUT. Eldorado has been my Mistress for over 20 years. It has been my favourite stock and she has never let me down. I picked up Eldorado this time just before the 5/1 consolidation. I picked up 150,000 shares @$.75. And after the consolidation I had 30,000. Well the 150,000 @ $.75 cost me $112,500 plus broker fees at TD. Well I sold them end of March at $6.75. I picked up a nice profit of $90,000. That is the reason Eldorado is my favourite and I call her my mistress. I was so happy I had a heck of a weekend. I saw Stunning Miella, Bianca White, Celina Banks and a couple agency girls. I was totally beat. But I toasted Eldorado Gold every time. The ladies had no idea WTF I was talking about. LOL.
Would like to hear anyone’s thought on the gold sector.
Would like to hear anyone’s thought on the gold sector.