SLR
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0.00% $1.57 silver lake resources limited

Ann: Quarterly Activities Report, page-21

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  1. morgenlofting
    904 Posts.
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    28/04/18
    11:10
    Post #: 32737966
    I suspect a lot of the recent 'bullishness' in AUS gold is perhaps due to the fact the USD is 'weakening' more slowly than the AUD/USD currency-pairing...

    AUD/USD ~$0.755 27 Apr, AUD/USD ~$0.803 on 1 Feb 18... Ergo -6%, give or take...

    XAU/USD ~$1.316 26 Apr, XAU/USD ~$1.348 on 1 Feb... Roughly -2.5% variance...

    Although SLR appears to have a 'reasonable' share of the 'smart money' flowing into it again...

    Quietly confident they may end up 're-balanced' into the ASX300 in the next quarterly shift...

    Go SLR, go for GOLD..!!

    ML
    SLR Price at posting: 53.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 6  Upvote
    lightbulb Created with Sketch.  Great analysis
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