If I were looking to get some more stock, it makes sense to bid under 10C. The issue for many months is not what the potential of the company but the negative sentiment driven by the POG. It doesn't look inspiring to accumulate in a rapidly falling gold price but in fact this is the time to do so! Trying to pick the bottom is just based on luck. The other method logically is to wait for a reversal to set in but it means getting in late. Ultimately it depends whether you think it is a long term hold or just a trade that decide the level of buy.
As BIS (Bank of int settlement) have indicated bluntly central bankers cannot keep printing money, they are suggesting eventually bond yields will have to rise once the artificial brakes have eased off. So that is my yield on inflation in the longer term. Good luck to those betting gold will recover. :)
ORS Price at posting:
8.5¢ Sentiment: LT Buy Disclosure: Held
