would you jump in to SA right now with the NUM wanting 60% increase in miner wages increase?
If you believe in Clifford Bennet's prediction AUD will soon come back to $1.10 but so will gold be moving back to 1650.
But right now the sellers are just triggering more sellers in a death spiral. I am sure sideliners like myself are taking a bigger picture and wondering why SLR has been singled out for special attention? I wanted to jump in but now I am asking what does the market know that I don't. Just because it is a bargain is not a reason to buy. Would you just buy because you see an advert that a Bimmer is 50% cheaper than another with the same condition?
SLR Price at posting:
70.0¢ Sentiment: None Disclosure: Not Held