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TRY 10.0¢

### big news soon/ go gold!! ###

  1. siameseparrot

    24,765 Posts.

    I've topped up my holding again today. I'm very bullish on both TRY and gold, though for me firm confirmation of a new bull market in gold will probably need the price to go above US$500 and stay there. But at this stage I do expect gold to hit at least US$1000.

    TRY is looking good.

    With any luck there should be some big news coming out about the Lord Nelson discovery in the not too distant future.

    With a first class exploration team I expect good results from elsewhere too, like in Brazil where they have started drilling again. They are producing gold there at about A$60 per ounce!

    When purchasing shares I have found the safest way to go is AVERAGING UP, NOT AVERAGING DOWN. When you average up there is always some protection - the average purchase price of your shares in the company are usually significantly below your current purchase price and current market price.

    The opposite applies to averaging down. There is NO PROTECTION. The average purchase price of your shares in the company are usually significantly higher than your current purchase price and the current price. It often becomes throwing good money after bad.
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    Form your own opinion and note the disclaimer below.

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