Our Man in Oz

http://www.minesite.com/nc/minews/singlenews/article/that-was-the-week-that-was-in-australia-3b33d94f97/1.html

This guy gives the best summary because he explains why succinctly. For Aussies, he also gives you sports news. Yes, bad news for cricket lovers! But it is good news for me. However, the reality is hidden by the Feds printing money. Just printing USD will not help in the long run. Americans need to sell more stuff, be more productive... or work harder. Try telling the Greeks and French that.

Now I 'know' why my portfolios are doing so well. So well, that I am expecting too much. Gold is up, uranium is up, copper is up.... BHP and Rio are up a lot too but not just because of metal prices. Investors like companies that return profits to shareholders in either dividends or share buybacks. The smaller miners are benefiting because after BHP failed to take a big bite, the smaller bites might be more pragmatic. Why invest in blue chips at this moment if you can handle a bit more risk? The return is much higher.

Just admire my EKM! I can't buy more because it keeps going higher and higher. Complain yet no complaint.

By the way, for those who missed out on West Africa... have a look at BSR. It has poured its first gold and the market has ignored that. Its enterprise value per oz of gold is low and the management is so lazy at getting more exploration done.