I abandoned, due to the falling price. Did not see the mega drops from 160 to 130 coming. And rational was that the market can be a cruel master. It may get sold down towards cash backing, if on care an maint. That would be the time to speculate re-entry.
Yes, i was pro GWR. Expected the i/o price to hold up even in a slower decline.
What changed. What switch can get thrown by china to influence i/o drastically. Uncertainty. And unclear if royalties considered in cost basis. There is also Taiwan. And you have to wonder what happens to AUS as a supplier, if they go hostile with Taiwan.
But when at cash backing, we could change direction, back to gold perhaps would be better than tied to a wild dragon.
