@bevter Mr.Market is very concerned of the overall Gold sector....

@bevter

Mr.Market is very concerned of the overall Gold sector.
In spite of Gold looking impressive a 1000 times, it fails at the USD 1300 level every time.
Until Gold is far above the USD 1300 level.......it won't attract new investors only mad gamblers like me.
I don't control anything other than my actions.
But it really shouldn't bother us in Aussie dollar terms.
AUD 1700 gold price is a god send for the Aussie producers.
But the Gold market is dictated and controlled by the New York Traders.

Fed meeting next week......High probability of rate hikes......so the zombie traders do their usual rituals......that is sell gold and gold stocks and buy the USD.....adding to that is the May- June yearly lows.....overall their is a downward pressure.

This Revolving Loan Facility approval is overall a good news.
To me it means the Bank has full confidence on the project and management apart from being confident also think that it is unwise to issue new shares at this 17-18 level.

I don't want to jinx it.......but my last few post here has been very timely.
I now suspect the bottom is in. Even if it doesn't go up....this news should put a nice floor under the share price.

Patience @bevter......patience.