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will SLR hit 59 cents on Monday 4th July?, page-54

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Avenarius

135 Posts.

16

06/07/16

12:15

Post #: 18204774
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Originally posted by Nanday ↑

Incorrect, gold never reached 2400 AUD. Check it out on goldprice.org where there is a chart that you can set for a period of time and then toggle between AUD and USD (and other currencies). It briefly topped 1800 AUD in 2012 but today's high surpasses that.

I believe that SLR was overpriced when it topped $3.00. I don't expect it to go back to those heady heights. But I believe that somewhere between $1.00 and $1.50 is possible. Forecasts for the AUD vs USD tend to point towards it going lower, which will mean even higher profits for Aussie goldies. Political uncertainty such as Brexit seems to provide at least a short term support for a higher price. Gold price is in a better place for Australian miners than it has been in years.

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Wait for Deutsche bank and other European banks to collapse, then your $3.00 share will seem the same as the 14 cents SLR was trading at

SLR Price at posting: 61.3¢ Sentiment: Hold Disclosure: Held
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