The big question now is where is the bottom for IDC. 12c looked like support but we have since drifted lower. Most gold bulls are anticipating a reversal in the gold price to around the 1800 level in the second half of the year. If this does happen then an overdue reversal in gold shares should also occur. Given the sell off has been largely overdone I believe the reversal could also overshoot to the upside. Some more bonanze grades and a larger than expected increase in resource wouldnt hurt either. Hence I hold and I hope.
IDC Price at posting:
9.9¢ Sentiment: LT Buy Disclosure: Held
