Coming Quarterly, page-2

Dear inverter, I agree with your analysis. I too sold out my entire holding at 52c, the last few announcements have been poor and sell offs every time, they have already flagged less production blaming the power shutdown, fire etc etc, lots of excuses to justify not meeting guidance and lower production. the price increase in the last 10 days from 42-52c may not last, it has hit this triple top already at 52c, as i posted before, this triple top has proven invincible so far, even friday trade it hit the 55c i discussed before and could not hold and slid to a dissappointing 53c - looks like the shorting traders are picking the top again - short selling may force it down to 42c again especially if gold price drops monday.

Cannot see gold price serious rebound until inflation worldwide starts early 2015 and rate hike talk and QE ceasing globally and then it may take off taking PRU with it to that $1.

MHO is sell into the top and buy again cheaper at 40-42c then ride it to $1 next year when this cash pile actually is used for something like cutting costs finding big nearby deposits restarting Ivory coast mothballed operation. Once they hit and exceed tragets in Sept QTR 14 then may see a big bounce that QTR for a change.