yeh I can see why you might leave your hard earned with a goldie that has hedging @1700 per oz if the POG started to fall, however I could see that this junior might STILL not move while other "proven" goldies would definetly begin a retrace. I'm thinking that might be the time to redeploy equity into a goldie that would eventually react more favourably to a gold price eventually climbing once again.
After all, cutting through all the excuses/bs of why this goldie isn't moving at a time when most goldies are isn't the reason I buy gold stocks.
My gamble is timing when gold is on the move not what bs a particular gold producer is facing with some of the dramas that are unfolding by way of outside interference or whatever other hypothesis might be thought up.
ps I have no doubt what so ever that the testing of hydrogen bombs and the subsequent uncertainties that go with it has had a notable positive influence on the upward movement in the POG.
Who knows I might be wrong.
SLR Price at posting:
45.0¢ Sentiment: Hold Disclosure: Held
