however yes good on anyone booking a profit, in this market its a sensible move, however like the above AXM'ers i'm looking forward 18 months+
another small snipet backing up my Gold expectations in todays west. "... it is worth thinking about the growing chorus of gold bugs who can hardly contain their glee at what lies ahead for the value of the US dollar. Not only has a tidal wave of dollars been unleashed by assorted economic rescue plans, a flood which must eventually debase the currency, but the interest rate on those US dollars has now plunged to record lows. Two year treasury bills are paying 0.85 per cent, and even 30-year T-bills are at 3 per cent. At those levels the case for a sharp rise in the gold price gets stronger by the day, as it always does in troubled times.
a cashflow positive and well positioned & managed AXM could have a field day once the stars align.
three words: BRING IT ON
AXM Price at posting:
39.5¢ Sentiment: Buy Disclosure: Held