january 2012 production update, page-30

I think gold has moved up and broken the short term downtrend, and could also be sead to have its longterm uptrend still in place. I think everyone was nervous because if gold truly broke its long term uptrend targets woyld have to be the 1300 level possibly. Now it appears $1800 + is on the cards again and with red's cost per oz at 400 ish all the gains from here are money in the bank- or dividends. I think the gains last week are down to the fact pog still seems to be on the up.