AYN 0.00% 0.1¢ alcyone resources ltd

scorp, if the markets continue to go down, I think the POS will...

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  1. 28,822 Posts.
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    scorp, if the markets continue to go down, I think the POS will continue falling until the weak hands, those who need to liquidate to cover margin calls elsewhere, have been flushed out. Then, look out above! But in the meantime, it needed affect AYN too much as they still have nearly 500,000 oz hedged at $33.5 (or thereabouts).

    Our dollar is toast. Back to 50c next year. Not as much as the yen, which is burnt toast - but neither currencies are recognised for what they are yet.
 
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