I am not that sure that the economic indicators were ever strong but the share market has been artificially rallying on hype of a recovery.
Yesterday's action for SLR was not much fun to see. I held on rather than "trading down" which I have done a couple of times. In 1-2 years time, subject to SLR achieving its goal of producing approx 400,000 ounces of gold pa, is going to be a $5+ stock. Those who bought at $2.10 will be ecstatic, those who bought at $2.50 will be very happy and those who bought at $3.00 will be happy.
The POG will have a rocket put under it when the true world economic fundamentals are digested by the market in the middle of a major stock market party at present.
SLR Price at posting:
$2.08 Sentiment: Buy Disclosure: Held