is there value in abu at .021, page-35

Chuk, you are the Gold rock who keeps our faith going!

But, what does concern me is that some of what SKOL is saying is true. It used to be that the Gold price was simple to determine, merely supply and demand. But now there are so many other factors that are effecting its price.

You have huge corporations, banks, huge investors etc. all trying their hardest to get the Gold price down. You have the majority of the experts talking the Gold price down, and predicting more falls, you have share brokers advising clients not to buy Gold stocks, you have the Chinese now moving away from using the US dollar, you have a general lack of faith by the majority of investors worldwide in buying Gold stocks, at the current price you have Gold companies whose profits have diminished immensely, .... and the list goes on.

I'm pleased with SLR's rise, now about 100% since early December. But that doesn't mean that Gold is out of the woods yet. I can see why many investors are still cautious about Gold and why many investors won't even go near the stuff.

Yes, there are plenty of indicators that at some stage Gold will be on the rise and back in favour. But it still has to overcome the negative forces acting on it. Just when Gold gets back on the long term rise again, is still anybody's guess? King World News will eventually get it right, but it could be 3 to 6 months away, or even 2 more years?

And of course this is impacting on ABU's outlook. There are still plenty of investors looking to sell large parcels of their shares.

I do hope that the POG and Gold sentiment changes as soon as possible and that long suffering Gold stock owners have reason to smile again!