RE:Wesdome to die video
this is typical analyst b$ll***** writings and those often come by marking the low. seen it before in other industries and will see it again.
both on macro as on micro lvl Wesdome will do fine at the minimum.
Short positions at Comex and outflows in ETF are unsustainable. Gold market is close to an very big short squeeze/squaring that will push prices higher. Western market participants are already selling gold on the electronic screens since QE3 started in September last year. The so called QE tapering cant stay an argument forever to sell gold today.
In addition CAD is moving in the right direction.
Wesdome was one of the early companies to restructure their business and they kept on doing this when gold prices moved lower. For the remainder of the year the operational cost basis of this company should be very lean and their bullion inventory position should be able to weather a storm.
This company will pick the fruits of their reorganization in the coming months. Higher gold prices will catapult their operational results.
Trappist