re: Ann: Further Delays to Financing Las Lagu... cy7 gold is still in contango with the ETFs maybe not to the extent it was but expect we will get more than $US1160 for forward contracts rather than current POG.
Much depends on the Fed raising interest rates on the pretext the US economy is improving which, I am guessing would have downward pressure of POG.
On the flip side would be an inability of the backers of ETF notes being able to make delivery of the hard stuff.
Just my opinion and probably way off base.
If interest rates rise in the US we are partly hedged I guess to as it will put pressure on the Australian dollar and EVG is domiciled in Oz but should make revenue in $US.
re: Ann: Further Delays to Financing Las Lagu... cy7 gold is...
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