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12/01/15
16:43
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Originally posted by TrendTracker
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Danhoff
It is clear that sentiment for gold shares has turned and turned sharply. Most shares are inching up daily or rocketing if they get a good announcement. The path of least resistance is clearly to the upside.
"But you must then accept the opposite position. So if the pog fall in USD from 1300 to 1200 caused a BDR price fall from 80 cents to 20 cents, then, of course if the USD pog rises back to 1300, then BDR should (according to your view) recoup all its lost price."
BDR could hit 80c or $1.00 or 50c. I don't know. It will be a mix of sentiment, fundamentals and importantly company performance. Because BDR was punished so much last year then I would hope that it's performance outshines it's peers.
Holding RMS and BDR although watching NST, TRY and MYG who have all moved very strongly over the last couple of weeks.
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Let's get to 40c first man.......