Ann: Hedging Transaction, page-103

Another awful day for goldies (including BLK down 7.5%).

Not looking much better tomorrow as POG AUD has just dropped another $10/onz down to $1535.

Down more than 6% in the last 30 days, and on the cusp of being at the lowest point in 2016.

Gold has recently suffered it's worst month in over 3 years (November 2016).

Almost all analysts are now predicting gold to drop below $1100 USD as a result of Feds forecasting at least 3 more rates hikes in 2017.

Gold definitely not the place to be ATM.

Could be a long slow road ahead for BLK holders if they 1) cant resolve production problems, 2) cant resolve financial modelling, and 3) work through pending CR's in order to keep afloat and repay substantial debt.

Writing is on the wall. DYOR

Copper on the other hand.......!