high chance of not getting finance, page-31

Heraclitus - agreed, but the capitulation at the time was more cold feet that the financing deal wouldn't go through based on how long it was taking/conspiracy theories etc etc about what could go wrong. At the time I don't think anybody predicted or brought up the eventual gold price capitulation, so I would say it was purely coincidental timing that now the capitulation has occured straight after this and before we could wrap up financing. If it stayed in high 1500's for the next month or two before capitulating then yes I believe surely we would have had a better chance obtaining financing.

Remember there are only two possibilities re gold price: everyone stating why it's a worthless rock, no other value except what others are willing to pay etc etc are right - crash in gold price exacerbated by stop losses and speculators dumping. Or two - the opposing side are right: central banks printing money continues, central bank balance sheets are alot more expanded and continue to expand, europe and USA still owe a tonne of money and there is no doomsday predictions now, they certainly haven't paid all that off or got out of the woods. If so then the 2011's eurocrisis news must have been the most overexaggerated pieces of information ever reported.And in which case the gold price will savagely roar back up in-line with this and current prices and gold equity prices are the bargain of this decade.

One or the other will eventuate - i certainly hope it's the latter but i guess that's what the 'speculation' is in this game for the event/possibility that (2) could just eventuate.I'm sure a huge chunk of traders/especulators who ramp up the price via positiosn and paper do nothing and have exited and so price may never rise back up as much without these, but if the fundamental buyers who actually use, store and buy this gold stay strong,and suppliers close shop with unsustainable spot prices, then supply and demand will surely catchup.

Of course timing is everything and in the long run it may be ok but it could mean the short term difference in a deal or no deal, and $0 MYGOA's and OB's.