Thanks chibrown, got me thinking, and SAR is looking good, and so is gold in 2017.
Will dig deeper to find further explanation/exploration/expansion on $150M.
I agree with your analysis of manipulation (MARGIN CALL), they did it with oil too.
Let's not forget about the Indian situation. The Indian Government has withdrawn large denomination notes from circulation, and the people are queuing up at banks to change them.
Indian culture usually sees the giving of GOLD in January/February. If the Government wants to curtail the black market in the use of high denomination notes, the people will buy gold.
Gold is a very liquid commodity in ASIA, as I witnessed in a market place, where you could purchase any amount you wanted. ALWAYS TAKE A LOCAL WITH YOU, so you don't get ripped off.
Can see GOLD at $1900 US an oz. by March 2017, which puts SARACENS hedging way in the money.
Really like NST. Just paid 2.5M to NTU who is looking for rare earths, but, part of the deal is that NST has all rights on any discovery of Au or Ag. So if NTU finds gold, NST get's it.
I currently hold SAR, NST, EVN, RRL, OGC, AQG, SBM, so I am a GOLD BUG.
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