when gold gets back to $2000..what will sar be

Overnight the Fed in their FOMC minutes signalled no change to QE3......how could they? the real economy in the US is still teethering with high unemployment...cut backs in us fiscal spend....and weak consumer / retail spend...also because of their need to fund US budget deficits and prevent a crash of private bank debt they are in a position where thry can not stop QE3.....what will this do to the price of gold...gap it back to $2000 ! Just look last month....the price of gold in yen hit a 40 year high.....in response to the japanese money printing....it only crashed over the world because of big naked short selling.....positions that have to be reversed at some point....you can only hold a balloon under water for so long ! :-)

What price do you reckon SAR will be at when gold gaps up again?

Till then.....we are fully funded to expand gold production next year......have a hedge in place to keep the cash flow ticking in at a resonable level......are trading at a PE of 2 or 3.....but a price to book of around 40% ?....plus we are trading at a total market cap of around $86m....when just the mill we have it meant to be worth $120m.....so to me that suggests we have a big target sign behind us ....and for some reason we were punished the hardest amongst all the goldies in percentage terms last month?1?