After reading your posts I went back into the FML Annual Report What I read and agreed with was that in 2011 FML aggressively chased an aggressively rising gold price.
However, within your posts I seem to be reading a softer approach to POG rise, rather than the aggressive rise that was and is being predicted and expected by various knowlegeable gold commentators globally.
As there is currently a high unpredictable, and unrelenting volatilty within all global markets including POG, the signals I,m picking up are, that it is now quite difficult for investors to detect a relationship between a market KPI, or a currency, and the POG, whereas earlier it was reasonable to predict that if the $US went south, POG went north.
Being with FML for almost three years, and although happy to see FML will continue to expand in 2012-13, I now wonder if they will be chasing an expanding gold price to the level of $2000 + in that period.
I sincerely hope so.
FML Price at posting:
5.7¢ Sentiment: LT Buy Disclosure: Held
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