What I posted was just my macro view of what may happen to gold.
I see the outcome being a positive impact for gold producers given the flight to safety, especially those that can ramp up production, lower costs and fatten margins further whilst hedges expire. If they are also able to find more gold and increase LOM then this will add further fuel to the fire.
(Gold currently USD$1611 / 0.671 ~ AUD$2400).
Let's see what tomorrow brings...
DCN Price at posting:
$1.40 Sentiment: Hold Disclosure: Held