Thanks fup... interesting... probably a good reason for a near...

Thanks fup... interesting... probably a good reason for a near step down.

Outside of that the macro picture for gold, the stars are aligning at the moment from me.

China weakening ->Aus Dollar Down-> Gold price up in Aus Dollars
->China gold imports up on the uncertainty

India wedding season beginning soon -> jewelers restocking after tax repeal -> India demand to improve

India decreasing interest rates to improve local demand

USA Q3 becoming a stronger possibility, persistent weak growth


Even if gold just maintains its price, SLR Takeover reasonably attractive since both companies have been depressed below historically reasonable, air coming out of boom, reduce cost pressure, expanding production of consolidated group, hopefully some interesting exploration results from both arms of the deal.

I still won't discount the possibility of a takeover either of IGR (10%) or the combined group (30%).

Not so bad, just need Europe to not topple into an abyss