Yes the old confidence is coming back Not just because the POG has gone up a bit since being hammered But because the talk around is about how high it will go Not how low
The global economy is still in a bad way The Australian economy is set for a big fall I can imagine interest rates dropping more than 1% by years end I can't see the Aussie being over $1 within a few months Even with the US continuing to print
Soon enough thoughts will be on gold I still find it hard to imagine any explorer getting enough funding to Get I to production
Producers with cash on hand will snap up a lot of bargains
SAR is stuck in the middle Just enough funding to increase production With gold over $1800 US and the Aussie slipping The SP will head north in a hurry
Increase in Medicare surcharge sure isn't going to help the economy
Yep my confidence is gaining and I will have to think of buying more Although I am loaded to the hilt already
I still hope we know all the facts with SAR As even in this climate the SP should not be under 25 cents I am still worried about the unknown If all is above board then this is a screaming bargain
Imoo
SAR Price at posting:
15.1¢ Sentiment: ST Buy Disclosure: Held