Huge very unexpected comeback in the Gold Price in the last fews weeks from around $1180 to $1233 today. Large rally with all gold stocks producers and explorers, across the board including Silver Lakes (SLR). Next few weeks is going to be interesting for Orinoco Gold OGX. Don't forget we own 17% of OGX. So a large rerating for OGX and TRF Balance Sheet may be imminent if the 28 tonne Bulk samples come back more than > 10g a tonne. Further upside with the dropping Australian dollar will be favourable for all miners and current revenues as all commodities are sold in US dollars. Nice to have the Aussie dollar drop from US$1.05 to 89c.
Lets not forget there has been a 40% increase in gold fabrication for jewellry in China in the last year. And lets not forget the Chinese have built a new super vault in Shanghai for the storing of Gold Imports, of around 1000 tonnes. This is more than all its current reserves for all its Central Banks. The Gold Market is getting interesting for 2014.
TRF you will not be disappointed! Arlberg1
TRF Price at posting:
10.0¢ Sentiment: LT Buy Disclosure: Held
