SLR silver lake resources limited

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    GP up us$10 tnt to 1177 & up $12aus from yeserdays trading range.
    GP up 5.5% for the month in a technical breakout pattern according to cnbc's wall street expert jimmy iurio of the cme chicago.

    GP "sits right on its 200dma today, if closes strong today it will break out of this MT consolidation period" says iurio, to breakout "and makes a run at 1200. My goal in the next few weeks is ultimately 1225!"

    Russia bought 34 metric tonnes of gold in sept in 1 month, released today to cnbc the most bought in a year, tripling their holdings since 2005! Massive news.
    Yet chinese & indian gold buying also proceeds unabated to record levels. It is estimated the brics have combined more gold holdings now than the USA.

    looks to me like a new QE is underway n brics see a us$ devaluation soon. If donald trump wins usa presidency, the us$ will be slashed amid massive cost cutting, budget balancing n currency counter manipulation...

    Buying is the final arbiter..the brics want appreciating gold not usa bonds which may devalue.
    bullish for gold.
    Bullish for SLR

    Q1 SLR report out soon also, expect
    - higher realised sales prices from 1490 toward 1600aus
    - higher production
    - rising ebitda & rising cash at bank
    - lower COP based on slashed liabilities & trading creditors flowing into COP
    - lower COP due to lower aus$

    thats why im long SLR. In 2012 it was $3!
    A PER of 3.0......massively undervalued.
 
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