placement at 47 cents looks ok, page-20

snout

good call. The goldies are in full retreat.

Only a further rally in the POG and on the TSX will save them. It has been a huge move up, but now it is time for some consolidation and give back.

If the US sharemarket was to tank badly that would take the goldies down with it as it has in the past.

However, some of the current weakness in the goldies is due to a retracement of this morning's upmove in the POG plus the general weakness that usually appears around midday.

I wonder what the brokers told their clients to do in respect of their PRU shareholdings this morning?

As regards SLR's capital raising, that was at 85 cents. I remember it well because I had bought in at a higher price and was very happy to sell early on the open just above my entry point. So many SLR holders where cheering their capital raising that I had to laugh - SLR was in trouble so it raised funds. I suppose the SLR SI will eventually get their money back if the POG heads up to around AUD1550.

http://www.asx.com.au/asxpdf/20130827/pdf/42hy8hcsmsqjp4.pdf

loki