Nice early retest of horizontal support, page-8

Gold is going to get taken much lower, hopefully USD1200 does not break.

DCN at $2.00 by mid year is a strong possibility unless the AUD drops enough to compensate for the drop in the USD POG.

There is not much support for this share above $2.50 once the selling really gets going.

What we have seen so far is just a little bit of puking in the goldies.

The seasonal decline in the USD POG has began - more to come.

We may not see DCN above $2.70 until the second half of 2019 unless they come out with some super news - particularly on extending the LOM at the 180-200k ounce production pa level and lowish AISC.

There should also be some relief for Oz based goldies once the AUD heads below 69 cents against the USD.

loki (the resident party pooper)