I own some SBM shares but not SAR, which is looking a bit interesting these days. I may buy some SAR shares once I feel the gold price has bottomed.
I think we are just having another bounce in the gold price and will revert down again below its most recent low, but I could be wrong. Indian gold demand is looking pretty good for this time of the year, not sure what is happening in China or the impact of lower oil prices on Middle Eastern and Russian gold demand (negative I would think, have not seen any data on this).
loki
SBM Price at posting:
53.5¢ Sentiment: None Disclosure: Held
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