Ann: $25M Placement To Fast Track Expansion Plans-BLK.AX, page-171

I think the fear factor is playing a lot on the rate hike/gold trade.

The truth is that trillions of dollars get printed, and money loses it's worth. Over time Gold is in a new bull market and will steadily grind higher and remain profitable for goldies in Australia.

The market is trading on the speeches of Fed Yellen...but soon that trading method will hit a brick wall...then the games will begin. Let's see September... My money is on no rate hike...and if it's a rate hike then the market would be in such turmoil that Gold will soar regardless.