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Re: A Technical Look At Gold - the magic 1300

over 9 years ago

ElP,

The chart looks good...only 19.70 before 1300, the magic value for the POG. Let's see if 1300 will do any magic to PRB SP which has not been that responsive during the current run-up. Just wondering if someone is trying to put a lid on it?

At 1300+ the low grade resource (below 1gpt) would kick in to increase the (economical) resource estimates to a total of ~8Moz (excluding any new finds in the wedge, the SE extension, and elsewhere, East Limb et al).

Patiently waiting for 1300.

goldhunter