imf bullish on gold, page-2

At times like this one could read the Book of Job for guidance.
The recent drop in the POG at this time seems to go counter
to all reasonable expectations.

It is simply difficult to believe that the POG is now being hit at a time
of rampart money printing led by the USA & Japan and the consequent
inflation from devalueing these key currencies is happening.

i guess KRM has already been hit with the closure of Telang Santo
for 6 months which aready saw a SP low of 51c for the year. With a bit of luck
we'll see gold regain some of its losses over the next month while
KRM cranks up Telang Santo.

We are lucky that KRM has an exceptionally low cost of production and that
the company is not encumbered with debt.

Like Job, we need to maintain belief ( both in KRM & Gold) over the next few months.

Cheers
Moorookamick