A well known gold forum website that cannot be mentioned on HC, has another story about central bank buying more gold - this time its Poland. It would seem that this time its different - the POG has many supports which come under the rubric "de-dollarisation" narrative. The last 3 months have seen more than a 10% increase which is likely to continue for GOK. This extra profit margin will be reflected in gold miner profits including RED. RED's full FY report should make great reading for SH, and should make RED's Diggers&Dealers pitch to the mass of big hitters very appealing. The current SP is an aberration that will become a launch pad not quicksand. RED is not DCN mark 2.0 - its Saracen mark 2.0.
RED Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
