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$1.57 silver lake resources limited

Correct me if im wrong .at the time we topped 1800 aud per oz we...

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Lurkin

2,100 Posts.

6

06/07/16

13:29

Post #: 18205593
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Originally posted by Nanday ↑

Incorrect, gold never reached 2400 AUD. Check it out on goldprice.org where there is a chart that you can set for a period of time and then toggle between AUD and USD (and other currencies). It briefly topped 1800 AUD in 2012 but today's high surpasses that.

I believe that SLR was overpriced when it topped $3.00. I don't expect it to go back to those heady heights. But I believe that somewhere between $1.00 and $1.50 is possible. Forecasts for the AUD vs USD tend to point towards it going lower, which will mean even higher profits for Aussie goldies. Political uncertainty such as Brexit seems to provide at least a short term support for a higher price. Gold price is in a better place for Australian miners than it has been in years.

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Correct me if im wrong .at the time we topped 1800 aud per oz we were more than parity with usd.
Hence made it very unattractive to over seas investors.
This time around look out in my opinion. I belive a lot of goldies will outperform there past tops.

SLR Price at posting: 60.5¢ Sentiment: Buy Disclosure: Held
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