New Gold to appeal suspension of mining operations. On Monday, when I sold it, everything appeared okay except for this nagging issue that never seems to go away, as the company anticipated continued operations. Now, the all-too familiar work stoppage based on a ruling by the Federal Court of Administrative Justice, is again in play.
Mining is a risky business and these things can blow up out of nowhere. The chart looked fine on Monday. My gut on the other hand...
Gold stocks are not gold. They provide profit and that profit simply must go to you (me), not to management, Mexican kangaroo courts or institutional profiteers. It must go to you.
