My first post on HC this year. Been away in South Korea having...

My first post on HC this year. Been away in South Korea having medical treatment. Now fixed.

One of the TA gurus around thinks there is more weakness in SLR SP. I'm not so sure as a number of things appear to be emerging to see SLR regain SP versus its peers.

* GS have taken off their short recommendation
Worldwide scramble for gold bullion has been phenomenal. Fifty + people waiting to be served in Sydney's biggest bullion seller. Extra staff to man the phones. People are starting to take notice of this.
Likely central bank buying at lower prices.
Supposed default by Swiss bank to make physical delivery
SLR's flexibility to process dirt on the ROM pad at 1g/t plus that has already been paid for.
Other flexibility that SLR has. The IGR u/g dirt should be 5 - 8g/t
Shorters taking a breather??
POG up to US$1444
A$ below 1.03

Brokers are starting to reemerge with BUY recommendations
Fat Prophets just put out a newsletter calling for all their goldies to be HOLD. (SLR; NCM;Evolution; etc)They are NOT selling, but do expect the POG to work its way upwards over time. (been badly damaged technically)

All considered I'm happy to hold SLR for the long haul. Its been pretty tough seeing it slide away, particularly as I missed selling in late January by 2c.