Today's action on the price of gold has been attributed to the rise in rates for US Treasury bonds.
Tomorrow the price of gold will rebound due to the escalating tension in the Ukraine.
If US Treasury yields dimminish over time, as they should when the gas pedal is eased (am i right on that thinking?) then logically the price of gold should rebound, maybe 1400 by the beginning of summer? Will this be enough to keep angy SGR shareholders at bay during the AGM? Probably not on both accounts.
I wonder if Gestur will be able to handle the anger that shareholders are going to be bringing to the meeting. And what will Gestur do when the board wants to give itself oodles of options for doing such a good job this year. Will he sell them like he usually does? That wouldn't look good for the CEO to be selling at any time during this period of uncertainty. If the bean counter sells, hey he has to make a living, but not the CEO. The CEO has to have skin in the game. What will Gestur do????