CerebralEdge

Gold Correction is Over. Re-pricing incoming

Long
TSXV:AGLD   AUSTRAL GOLD LIMITED
The gold market appears to have found its bottom and rallied back above 1800USD.

This correction is over IMO. The senior producers have sold off and the juniors are quiet again. Its time to add to positions or establish longs in advance of widespread commodity re-pricing to higher levels. Gold will not be left behind this time.

Austral gold is still hanging in there producing cash and the focus now should be on the exploration results which will be key in replenishing reserves. If austral gold can continue to mine 50k oz of gold and then grow their resources with the recent acquisitions this stock can be a multi-bagger.

The copper claims that austral has recently acquired are interesting and has a bit of a mini-barrick vibe.

GLTA.