Not to dis Donald Coxe but I thought I just saw a couple of news articles go by. One said that Indian gold imports were up 25% YOY for the month of April and the other said that the scrap market for gold was thriving. The Middle East is buying up all it can. That conflicts with what Don was saying.
As far as SGR goes, I think the price is being held up over 2 bucks to encourage the warrants to get executed as SGR needs the money. Otherwise they will have to issue another PP. The almst regular daily crosses support the increased volume which gives a good impression. Once those warrants get executed, I can see SGR falling back to the 1.60-1.80 area. The Hinge zone developement or 43-101 could prevent that but I don't think those will happen anytime soon (Dale now saying cashflow positive will happen in the second half of the year). The TSX listing will not really do much for SGR even if they could do it without an update 43-101.
JMO, JFF7