nk
I agree, but I think the upturn could just be short term.
We still have the June tax loss selling period to transverse.
I also think there will be continued high level of redemptions for fundies in July/August as people get fed up with the poor performance of goldies.
Basically, only some very good news on the copper front would energise the share price back to $3.00, or QE3 in the US.
I do not like what I see economically speaking in India and China, the biggest buyers of gold.
Do you have any views on MCO? Is it going to live or die? Where is their gold? I am out of that one since April 2011, but keep looking at it. I suppose it is best to stay away from Victorian goldies.
Good luck.
loki
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