If gold price stays at the current level, the soon to be gold pour might not be such a big party:
That gold pour has been a fact for a while now, and has already brought the sp to 56c in August from 12c six months before. Prices don't go up based on long announced facts...or do they?
Owning gold is good for investors as soon as the gold can be used to pour more gold. If current assets can fund next level, then great. If forced to go JV for a second mine...what with the third? Uncertainty is no good.Does this make sense?
I just think that if it was as easy as the gold pour logic, the sp should already be $1 plus. And it's not. Anyone knows why not?
The price of petrol is so relatively low that investors will go somewhere else: car industry, banks. Low inflation means lower interest rates, better business, more mortgages and hence lower price of gold.
just an opinion.
gold pour yeeeha or not
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