Mossberg, Powell and the Fed will always be bad for Gold because...

Mossberg,
Powell and the Fed will always be bad for Gold because the Fed’s Charter is to keep inflation down, employment full and the Financial System stable. POG loves inflation and instability. Maybe, however, the Market is beginning to disbelieve the always-positive rhetoric coming out of the Fed. This latest raising of interest rates smacks of desperation. What’s the freakin’ hurry? They’re either worried about inflation which should be there in spades late in the Bull cycle, or they are running out of opportunities to quickly return interest rates to neutral in prep for the next downturn. Whatever it is, the case seems great for a strong run in Gold. Once the Fed reverses course and goes back to easing rates (granted could be a year or more before this happens), POG should improve sharply. In the meantime, a steady increase in the POG is most welcome, especially with a little insurance from the weak AUD.

As you say, WAF may not ever benefit from it but maybe, this time, we get the big payoff for the risks that we have shouldered by investing in this Company.

We are still one of the best Gold stories on the planet, great deposits becoming ever more difficult to find.

We are fully funded in an environment where raising debt will become more difficult as the Capital markets tighten up.

The drill bit should continue to return impressive results with good probability of further bonanza discoveries.

Updated Feasibility Study and early progress building the mine will be strong imo. With the POG rising, anyone wishing to take us over will get squeezed, their opportunity for a cheap purchase becoming ever more remote.

Patiently waiting for a substantial re-rate up in share price. Go WAF!