Excellent report on gold Jovanco. I am more interested in what this means for gold stocks.
My stock analyst service advised that both the US and Aust share markets are now in confirmed up legs, so I checked some gold and gold stock indices.
Gold AUD 1325 to 1474 since 1 July, up 6.71% XGD 7080 to 7520, since 28 June, up 6.2%
Gold USD 1488 to 1565 since 1 July, up 5.2% HUI 494.12 to 529.54 since June 16, up 7.1%
Gold CAD 1425 to 1508m since 1 July, up 5.8% XGD.TO 22.06 to 23.3, since June 16, up 5.6%
Gold stocks seem to advance when both the Aust share market and the POG are going up, so the prognosis for gold stocks looks good to me.
I am going long on GRY expecting good results from Tijirit,(also trading some because of their 5% swings) and holding EVG, MET, DGR and GOR. Would like to have SLR but missed the boat.
