POG and gold miners

I think RB is following me! He is also lamenting today in his Pure Speculation column about the share price of gold miners lagging behind the rise in the price of gold. This is especially "bad" for gold miners who are actually producing or discovering more gold. It means the PE ratio should be good value or the EV/Au resource is cheap.

This kind of event is red rag to me... it is fantastic time to buy.

At least GOA has a rise today when it announced a fabulous drilling result. I am almost getting to a 100% jump now over my average buy price. Something to smile about while the ASX is tumbling, especially my resource stocks.