Next Gold support level at $1321, then its $1250. As i posted a few days days ago, 70c has arrived and will go quickly. 50c range next stop. This is based on strengthening US/AUD which means inverse gold relationship. Bears are certainly at play but SLR posseses so much value at these prices with Murchsion coming online and synergy cost savings. Waiting for a trend reversal in gold....ST pain but LT gain
Some posters have highlighted that SLR's cash cost is ~$1,100....where on earth did this figure come from? Total costs for Monger, Murchison and Southern is set to average~ $600-$700 from 2014 onward...please explain...
SLR Price at posting:
71.0¢ Sentiment: LT Buy Disclosure: Not Held