Isn't Newcrest +6.32%, Goldcorp +5.65%, Barrick 7.27% and even the culprit SPDR Gold Trust +2.50% share price action throwing your theory into a "tail spin"?
100% agree with Shareholders assessment of total cost now form both technical and fundamental LT support above $1,350/oz. Double bottoms don't get much clearly than overnights action...even GSJBW's Coppo is more contructive to gold for the first time in memory
SLR Price at posting:
73.2¢ Sentiment: Buy Disclosure: Held