The recent softening in the SP has not been specific to Beadell.The reason for it has been the sovereign debt crisis in Europe.When events like that happen,big investors pull their cash out of "risk assets"ie shares,and seek a "safe"haven.The supposedly safe haven is US treasuries.These are bonds which in effect are IOU,s.They do this despite the fact that the return is very poor.As soon as the drama is over(and this is inevitable,the Euro/EU will not go under),Cash will flow back into equities.
Remember also,that this crisis is very bullish for gold.The US$ is temporarily rising but it will soon resume its downtrend.The US will continue to flood the world with paper currency and big money will continue to buy gold including central banks.Gold cannot be printed.
Beadell is an outstanding gold developer/explorer.Temporarily however,the macroeconomic events detailed above are inhibiting a more rapid escalation of the SP.Patience is required.It is a very good opportunity to increase ones holding.
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