XLD 1.69% 1,618.9 s&p/asx 200 2 x daily leverage index

S&D, S&R, Trends, Fork's and Turnarounds, page-459

  1. 3,191 Posts.
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    Yeah, that makes perfect sense.

    Thanks for that, you're thorough as always.

    There was a thread on an expat website that mentioned the company recently, so I thought I'd best take a look.  Saw what I thought looked like a predictable pattern, and whacked some lines on and here we are.

    Looks like they've got a bit of a resource, but only 2 grams per tonne I think it was.  Not good grades but over there I suppose it could be profitable.  I don't for one minute think that it will ever happen, but it is possibly a potential trade.  I met a consultant geo over there years ago, really cool guy (I think he told me he was on a couple of grand a day US when he worked), he told me that all the stuff he'd seen over there was crap.  This could be different I suppose, there is definitely gold there as there have been artisinal miners getting killed around there recently I believe.
 
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