POG at USD$1487 per oz

While Price Of Gold keeps going up and up, the gold explorers and producers are not keeping pace. I keep my eyes out for bargain buys. When gold has been discovered and valued so cheaply by the market, it is irresistible to me.

As usual, after you buy any of these cheap stocks, you may have to wear some losses because it is nearly impossible to pick the trough. There will always be another value investor like me but with a much bigger budget. This is the person or group of investors to look forward to AFTER you have bought the shares.

Luckily the rise in POG is bigger than the rise in AUD$. And the price of oil is also moving up.