Not nice for our gold fever, page-20

I think a good chunk of the very latest UP move is NOT the Au$, it's edging /drfting down:

http://www.kitco.com/gold_currency/index.html?currency=aud&timePeriod=30d&flag=gold&otherChart=no

What solidified my SBM investment decision was their hedging moves. This captures two key variables and locks them down:

1) The price, AUD/USD, along with a very savvy ratio of hedged production v gross production, where up moves will be well profited from, ie. not some insane 50% hedge, and;
2) Security from nasty, soul-sucking debt covenants possibly killing sp, if not much more:

http://hotcopper.com.au/threads/ann...on-to-december-2016.2730298/?post_id=17312163

Gold's seasonality is still months away, late July/early August... Oh, what a wonderful time...

OV