I was hoping gold would hold above 1300 but it's not looking good. The facts are we are nicely hedged but unfortunately that doesn't matter if the POG bombs and sentiment is negative, we'll get pulled down with the rest of them.
I'm no chartist but this is not good https://db.tt/GHW1Frcv
I've got a large position here, I know long term we'll be rewarded but I was hoping for a bit more stability and a higher SP than where we are.
BDR Price at posting:
61.5¢ Sentiment: ST Buy Disclosure: Held