but the big news is Duetsche bank upgrades us large gold producers with a BUY rating on Newmont & Barrick Gold tnt, citing TPs at 35% higher than today as us equities slide n us rates rise expectations fall away n as chinese & russia record 2014 as their largest gold hoarding, buying year on record.
The real threat to GP POG is the us$. Thats softening from the us$ index of 70 to hitting 100 to now at 94. The bonus for SLR is the aus$ is 30% lower than last year & its peers like pru sbm rrl that were beaten down 70% now are or have rebounded except for SLR.
as fat prophets upgraded SLR, traders will start looking for undervalued gold stocks that can spike 20% a day, guess what, SLR has done that for years n with its peers sitting at MCs doublt to quadruple it right now like sbm pru, then SLR becomes a target of ramping.
Im still holding my shares from 19c, once we see this crack out of this 13cto16c drab range it will be time to pump this again. If Duetsche bank gets bullish on major gold stocks, thats a big sign they think GP is breaking upwards. They are not alone there.
SLR Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held