This is a gambling casino not an investment activity. If it was a real investment you'd be looking at why gold ran so hard. why Nicol hit $50 2 yrs ago and tanked. why oil is still so high/ It's not about supply and demand. The "the ubiquitous they" will write all sorts of rational explaining every bump in the chart.
Wait till bonds start their reversal then I believe gold will take over as a medium of currency. Crikey whose piece of paper do you want you want to hold. That also requires the US$ to continue down BUT it's currently bouncing and and and I give up.. there are waves within waves....so don't get fixed on any position.
UML will likely be a buy again but it needs to hold 10.5 approx although I doubt it will.
Do I believe the announcements? do I believe they are credible? By the way look at a monthly chart of the stock back to 1986, real interesting.
UML Price at posting:
13.0¢ Sentiment: None Disclosure: Not Held