Is the tide turning??, page-13

lower AUS$ higher GP in US$, up 12%, plus 20% = up 32% in AUS$ terms, How is that not bullish for a low cost high production Aust based gold producer like SLR? Market jitters

SLR downtrend broken at 21.5c, ripped from 16c to 26c, looks like another spike up to 45c as its cracked through resistance at 23c. its a low cost high grade producer with positive cashflow, well oversold. projections of gold at $1000US not happening despite numerous naysayers. With global inflation in china, russia and US picking up but deflation in japan and Eurozone, its a mixed bag, higher rates will entice higher gold price. The GP is a hedge to falling equities right now.

SLR is well run strong balance sheet and financials with low debt, posters forget the AUS$ is 0.81 to the US$, this is very bullish for AUS producers and miners. Expect better than expected Dec QTRly for SLR thereby due to AUS$ drop. Its all good news for SLR, cant believe how cheap it is.