SLR SP looks to have bottomed out at $100M MC or 20c, I have...

SLR SP looks to have bottomed out at $100M MC or 20c,

I have just bought some in at 20.5c, have held PRU NCM and other gold stocks but have sold out at interim highs earlier this year, Au has shown some classic rebounding patterns, the calls for 1000USou have not materialised at all and in fact global outlook and inflation has subsided with Japan and Eurozone in QE mode.

Au has held at 1180/1200 now moved beyond to 1220USounce. Its not collapsing and in fact most commodities have rebounded last week and today. US$ looks like its topped out. Perhaps gold as a hedge is back in favour as US equities hit all time highs. Bonds rocketed up recently (yields collapsed) bullish for gold normally. Certainly looks that way.

When SLR was spiking to $3 my broker told me to buy and im out long ago but i find it incredible that i can Buy SLR at 20c! WHo would have thought that, SLR normally moves in spikes of 5%+ when it rebounds so i cant see it collapsing further with such strong income, sales, high grade and low cash costs.

Traders will ramp it up soon. imho.. the downside is tough from here.