I have read lots and lots of reports today.The consensus is gold...

I have read lots and lots of reports today.The consensus is gold will claw back to 1650 to 1720 next few months.What is the low most say 1520 some 1500.Problem is those that can change the market are largely staying out.

Some are saying the Chinese will start buying large amounts of physical gold this week,they had a weeks new year holiday last week.

Slr is being smashed more than most,some explanation as to why would be appreciated.

In our favour is Murchison comes on stream soon,cash in bank,hedge for Slr finished,strong resources and every possibility it will grow,40m saving from merger,even at these levels we are worth more than current price.

Will the US carry on with austerity measures,I think they will,pressure will come from the powerful wealth lobby,10% of Americans own 70% of US wealth so I think they will win.

Bottom line is nobody is sure and it would seem this will take time to work out and maybe more pain for only a short time I hope.