Meanwhile gold holds $1800 to make a higher low. Seems to me a lot of the share price weakness has more to do with the price of gold being in correction than anything austral is doing.
If spot can break above $1900 over the next few months and reclaim that previous all time high line in the sand I think the game is back on for juniors including austral.
US debt ceiling will be lifted again this fall and more money will be printed. Gold sentiment is really poor still and these lows are an opportunity across the sector IMO. Exponential debt growth continues to hyperinflation or crashes in a default.
Gold and it’s miners should benefit from both scenarios as they both ruin confidence in government ability to manage finances.
AGD Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
