SAR 0.00% $4.69 saracen mineral holdings limited

Exactly right Yanlin, I do like reading your posts, that call...

  1. 397 Posts.
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    Exactly right Yanlin, I do like reading your posts, that call things as they are rather than as you would like them to be.

    SAR is drifting and needs to hit a support level before speculators will dive back in. The correlation between SAR and the US dollar has become very predictable, US dollar up, Gold down, SAR down. US dollar down, Gold up and SAR up...hopefully.

    Something will happen to drive SAR up, I don't see SAR hitting the 30's, costs must be coming down with the inclusion of the high ore grades from Red October and an announcement by the company on cost reduction would immediately result in a re-rating.

    Good luck to all, I am back on the sidelines but watching carefully, I think once the Fiscal cliff etc is past us things will become clearer.

    DYOR, I make wild Guesses.
 
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