Open letter to RRL Board & Management, page-65

Nothing to do with the prospects of the gold producers. Money moves and there is only so much of it available at any one time. Today the world has been moving money to "risk on" areas and so gold suffers. As the POG drops so the multiplier effect with gold companies amplifies its drop.Coupled with the selling of the US$ as money moved away from the US to other countries along with the related increase in the A$, we had a savage drop in the A$ POG down as low as $2108.73. RRL was impacted strongly but not all the tier 1 & 2 AU producers were treated the same. OGC actually picked up 2c after its steady decline lately; KLA had a minor drop, as did SBM and NCM, Amazingly, tier 1 AGG failed to record any sale on the ASX. RED gained 5.8% on the back of some positive exploration news while RSG dropped a less dramatic 3.4% after announcing it was making a strategic review of its Bibiani mine, generally regarded as a distraction to RSG with the money better invested into lowering its substantial debt.Then there is SLR with the woozy drop of 9.2% to $113.5. Of course this follows a fairly rapid rise in the SLR SP over the past week and a bit, with the SP still well above its not so long ago $1.05.
RRL is certainly looking more attractive after today's 6.8% decline but so are EVN (-7.8%), AQG (-6.3%), and RMS (-8.6%). NST dropped 6.1% but I think it has gone far too high anyway.
The weekend forces us all to take a breather and so who knows what Monday morning will throw at us. I spent some money on gold today and dropped OGC but stiil have some dry powder for any bargains next week.