positive upside, page-10

Nice summary Sarge, cant argue with those facts.

Good observation Disco.

The facts are that gold at the moment is about as popular as a floater in a swimming pool. Any prediction of where the price may settle in the short-medium term is simply a gamble.
If the naysayers {and more importantly the powerful manipulators are right} ie POG at $1100 or lower then how are projects with ALL IN costs around the $1000oz mark going to get off the ground? Bit hard to raise dollars with this sentiment let alone hedge at below production costs. Delayed, mothballed or swallowed by predators, who will mothball it until a sustainable POG warrants a start up. These present as the most logical outcomes

I am a long term gold bull, but dangerous times for start ups at the present. I hold GRY but would prefer to wait & see just where the POG may settle. If it does crash to around the $1100 mark or lower then I would prefer to buy solid producers whose ALL IN costs are around the $800-900oz mark with cash in the bank already and very little debt.

PRU spring to mind as one such candidate.

I am waiting and watching. I feel the market {however manipulated} has spoken and will speak even more to the downside. Trust I am wrong with this prediction.

GLTAH