Maybe mgt are full up to pussy'e bow and not in a position to buy more shares?
Anyhow, look at a 5 year chart on gold and you'll note that when it topped out at ~$1900 in July 2011 and again at ~$1800 in October 2012, the price fell like a stone.
Even though it did the same thing in mid-March this year, falling abruptly from ~$1380 down to ~$1280 before a possible dead cat bounce up to ~$1325 and then back down to today's level, it appears to me that it's trying to make a base to go higher rather cascading further south.
Impossible to predict but to me the change in pattern could be an indication of a reversal.
Don't hold me to it though.
Just all in my opinion and not to be taken as investment advice. I'm a chook for heaven's sake!
SLR Price at posting:
38.7¢ Sentiment: Hold Disclosure: Held
