Had yet another crack at 1300 usd/ oz and failed,,bernake speech was nothing short of a riddle and contradiction, will stay accomodative, wont set course, may stay the same, may be cut back , depends on data but looking to reduce latermthis year,,,,,,,nothing more than a money making trading event....
Importantly, pog aud down again, now 100 aud off from the prices that ncm said were required for cashflow to be nuetral in 2014, so things delayed again....let see if the high grade ore recoveries can cover the loss in margin....everyone calling gold up now so i suppose it will fall.....
One thing i am sure of, the central bank gold cartel is having an infight,,,looks like usa is keeping its currency low and pushingnthe euro high, keeping themin the poor house
NCM Price at posting:
$11.47 Sentiment: None Disclosure: Held
