SLR
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0.00% $1.57 silver lake resources limited

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  1. loki01
    11,117 Posts.
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    13/12/11
    14:26
    Post #: 9432944
    Chuck

    What happens to our goldies if the USD POG falls to 1450-1500? India's economy is beginning to crap itself and they are buying much less gold (so far) for their festive season. In addition it looks like large investors in the US are reducing their gold exposure (ie taking profits).

    I expect further substantial weakness in the markets that will impact on goldies.

    The only mid cap goldie holding up really well is RRL.

    loki

    SLR Price at posting: $3.21 Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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