AverageJoe,
First of all to others -> heres is a chart of the wedge formed on the Gold chart (USD/ounce)
However, you claimed that there are 2 factors against SLR but in fact they are against gold
I cannot understand why SLR dropped whereas other gold producers e.g. PRU (even more impacted by gold price), NST (down 0.4%), NCM (down 0.1%) etc etc were relatively impacted. That is SLR is down over 10% in the last 2 days and just broke periodic lows -> how can that be explained simply by gold price?
Here is a chart of SLR
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- SLR
- lack of confidence
lack of confidence, page-89
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