Club Mulgoa

Monday, April 18, 2011

POG and AUD

The POG is up at USD$1494 per oz. While AUD has fallen back a little bit.

But share prices for most of my gold miners have dropped today. I sold a small parcel AMX and GRY recently because of military unrest in Burkina Faso. Today, I put a low price for both and regained what I sold for about 20% less. Who knows what will happen next? If POG is up and AUD is down, then in theory, gold miners should prosper. But share markets do not follow logic in the short term, especially for explorers.

I got rid of PIR with the intention of buying back some when it has fallen to $6.01.

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