Levi1 Feb 2018 11:11
Be realistic, the only reason to be in gold is to make a profit and with a low gold price there is no reason to be in it. Sales, apart from trinkets, a limited amount of technological demand, the main reason to hold gold is a hedge against currency failures, inflation and the like. As long as Trumpie is in power the uncertainty continues. Its just a pity that the US has the largest gold reserves in the world but China is catching up. So logically gold will continue to command a reasonable price as long as the element of global uncertainty continues. That's what drives the price. It is IMO unlikely that clown will start a nuclear war but as long as he continues his unpredictable behaviour no-one can relax. And that is good for gold. Anyway the world has always been an unsettled and dangerous place as anyone who lived through the Cold War will vouch. Its just that we in the West haven't had any experience of it in recent years. Anyway even if it isn't media hype always portrays it that way, which again is good for gold price. As regards Q1 the winter weather in Turkey caused the company a few problems last year even if AAU weren't producing at the time. If we were that sensitive who would invest in Turkey where the hard-man Ardogan is flexing his muscles which is tough if you are Kurdish, unlike Trumpy he is 'talk and do' not just talk, Its not the quaint sunny holiday destination that it is portrayed in the travel mags. It is a political powder keg.