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FORGET about the south sea company! REMEMBER vg gold :-)

Posted 07-27-2009 at 05:24 PM by jaro g. [Show Appreciation] What's This?
Updated 12-15-2009 at 03:26 PM by jaro g. (added a chart 3 months later :-))

what about homo sapiens financialis? after rob mcewen participated in the financing of strugglig vg gold, the folks out there act like crazy lemmings! he had paid CAD 0.08 per vg gold's share, today (~4 trading sessions later) paid the folks CAD 0.405 (!!!). that's more than 5 times as much ... wanna see the 6 months chart? here we go: InformedChart ... well, let's watch if the price comes back down soon or if there is actualy a new level established ... btw, wanna see the stock price chart 3 months later? well, increase of additional 100% established! here we go (oct 14th, 2009)

ps: i'm not sure if the homo sapiens did learn anything over centuries, let's look back to 1711 in tek's blog about the south sea company mania

pps: you still remember my initial blog post on vg gold issue (+127% on a day when rob mcewen announced an investment in vg gold)?

ppps: thx goodness i've stuck 2 my investment strategy and didn't catch the fast buck @CAD 0.29 as the stock was @ CAD 0.405 today. btw, who knows how long will the party last?

indicated conclusions: do not waste your time + money on wrong things! buy just the right ones! this investment stuff is sooooooo easy

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  1. Old Comment
    forexer's Avatar
    Should i buy real gold next time? Silver also? Maybe i can put it in a huge vault in my house next time :P Its the best hedge against inflation eh

    And i like to invest but i have to trade first
    permalink
    Posted 07-27-2009 at 09:09 PM by forexer forexer is offline [Show Appreciation] What's This?
  2. Old Comment
    jaro g.'s Avatar
    hi forexer,

    trade to have any money to invest? ... it's always the same problem with these trading/investing issues

    good luck anyway,
    jaro.
    permalink
    Posted 07-28-2009 at 06:57 PM by jaro g. jaro g. is offline [Show Appreciation] What's This?
  3. Old Comment
    jaro g.'s Avatar
    folks, just 1 more question: do we see the triumph of hope over experience here (dr. johnson’s famous phrase) or are the fundamentals 4 vg gold after rob mcewens financial support completely different now and they justify the much, much, much higher price?

    btw, the all-time-high was CAD 0.86 in 2006 (i.e. far before the complete crash of the (precious) metals explorers market in sept/oct 2008), so there is still a long way 2 go, isn’t it?
    permalink
    Posted 07-28-2009 at 07:22 PM by jaro g. jaro g. is offline [Show Appreciation] What's This?
 

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