funnyEU and US markets caved in overnight because the Chinese...

funny

EU and US markets caved in overnight because the Chinese demand for steel slowed down - not their demand for gold.

At least FML doesn't have to worry about the fracas called MRRT - leave that to Fortescue and BHP/RIO et al.

And as pointed out POG has held up "reasonably" well in Au$ terms

Believe it is always good to ask "what if" - but FML started most (stress most) of this when POG was a whole chunk lower.

Pretty sure that shrewd operators like CB and DT have various "models" they can run to optimise according to POG if required.

While it's holding up - may as well push ahead like crazy.

Bit like share holding: no risk/little reward - may still loose the house, but rather give it a good go right now.

March Q for first indicators - June Q will have to start bringing in the first bacon

Pinto: be great to get that drill stuck in a lump of pure gold - just not banking on it !