I think also SLR is more sensitive to POG movements. As such I think we have seen the turnaround for POG the night that the ECB announced negative interest rates. That nght the POG bounced some $10 back to 1260. Since then it has moved significantly northwards to 1315. For the first time in a long time I feel the sentiment towards gold is changing quickly from bearish to bullish outlook for a number of reasons. SLR I feel will benefit very well out of this in percentage terms as it has been extremely oversold recently.
I think we could see SLR move from 50c to $1.00 fairly quickly whilst others although also doing well may rise say closer to 50%. ie NST from $1.30 - $2.00 and RRL say from $1.65 say back to $2.50.
This is why I like SLR. Fundamentals may be only good (becaused of Murchinson) but sensitivity to POG is the key.
SLR Price at posting:
51.0¢ Sentiment: Buy Disclosure: Held
