Smashed ???? only down $5.30 a oz that not smashed in my book go...

Smashed ???? only down $5.30 a oz that not smashed in my book
go to kitco.com to check to gold prices

The cause of the SP going to $1 was panic selling by people who had margin calls,shorters ,stop-loss traders and some inverstors combined have priced in all the bad news and more as well as the gold price into the SLR share price in the last two weeks.

POG holding $1430 currently $1462.90

Friday rally was cause by the shorters who got caught with there pants down and gold moving back up again
SLR have cut cash cost at Mount Monger by $100
per ounce.
SLR, using a low Australian dollar gold price of A$1300, indicated free monthly cash flow of about $3 million to $3.5 million - just from Mount Monger. That equates to about $9 million to $10.5 million a quarter.
Or $36 million to $42 million a year

Still this is a long term buy IMO