Hi Jim. ABU's share price -should receive some benefit from new capital flowing
into the whole gold sector as new investors ride the price of gold, the real s/p upside
driving force will be upon ABU's share price being rerated, this would likely occur
should/when we receive Stella exploration results.
There is much yet to play out regarding the EU -UK & the attempt to stabilise the Pounds decline, I heard on Friday the BOE was indicating they were ready to deploy 1/4 Trillion
-250 Billion, these numbers are massive & should have the complete opposite effect
(& drive the POG further north ) to the US raising interest rates (that is unlikely to
happen at all ) .
Much has been implied as to how bad it will be for the UK, the reality is also that the
UE's trading block has lost the worlds 5th largest economy (with recent events now
defined as France) -must make Brussels France & Germany nervous as there are
many basket cases inclusive in the EU.
From this point there could be many unintended consequences as contagion spreads
three of the UK's largest financial institutions took serious HITS- Friday with there
stock prices declining by 18%-%20-just imagine the numbers & its effect on balance
sheets as contagion spreads -Perfect Gold Storm Brewing !!!!!!!!!!!
gltah-salt
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