The current selldown looks to me like a mixture of fear driven flushout across the goldie market and insiders selling due to a below expectations quarterly report yet to be released.
If the report is really poor then expect another flushout. Where the share price goes is anyone's guess. My pick is $2.45 based on gutfeel.
A really horrible day for most of the goldes. I hate to think what this may mean for our goldies if the market was down 1% instead of being up over 1%.
I can only see red in my portfolio, except for AZM (my recent small spec buy) which is unchanged.
Good luck all. We sure need it.
loki
SLR Price at posting:
$2.64 Sentiment: Hold Disclosure: Not Held
