Phase of transition
Yesterday and today were another test for serious Aurc shareholders. Did my support @ 14 and 13 but it closed 12,5. Got used to it already.
Magic Polyus did not have a glamorous trading day, too.
As long as Russia has a strong interest in competing within the global top three producers of gold, I guess, it will become a bull-market - for private miners. Facing a high national output of gold ounces from 2008 on, it should be rewarding for investors even at price from U$ 550 to 600.
China is very openminded that the middle class population can afford to buy gold ounces. In Asia and Russia precious metals have still a deeper meaning than in today's western world.
We'll get through the last days of the year with a weaker or stronger Aurc performance. Good night from Central East Europe - Glo