WAF 1.01% $1.50 west african resources limited

WAF valuation, page-125

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    Another reason for the lack of hedging may well have something to do with the introduction of the Basel 3 rules regarding gold at the end of March.

     Gold will be classified as a tier 1 asset which is the same as money where as before it was classified as tier 3 meaning it was classified as being worth only 50% of cash if it was held on a balance sheet.

     I'm talking physical gold not paper gold which is just an i o u so its not too hard to see a significant rise in the price of gold as we move towards April and there is no doubt a lot of physical accumulation happening and will more than likely  become more frantic to acquire at these artificial prices.

     A squeeze will no doubt be on and may well have already started.

     Sometimes things go down before they go up just to shake the tree so we will just have to wait and see.

     Another reason for a big institution to drive this thing lower so it can profit later.

     And another reason for us to buy more.

     Looks like the dips can be bought on pretty much anything gold related. 

 
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$1.50
Change
0.015(1.01%)
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