With Au at 1600oz and going north if the US Tresurey approve QE3 and print more Greenback$, or stall the and the US Govt sector goes to the brink without the cash to pay Govt workers. Either way Au goes up then CJO will go up. It will help if CJO resource improves JORC gold in the ground at their tenaments in the short term, but either way, sit tight and you will see your 28.5c well before Christmas.
Or avg down again and this opportune time, 20-22c, exit at 25-26c if your not a long termer of CJO.
CJO Price at posting:
20.0¢ Sentiment: Hold Disclosure: Held
