Club Mulgoa

Monday, June 20, 2011

POG AUD

Price of gold went up and the AUD went down relative to the USD. But why are investors selling down their gold producers? Did their mothers never sent them to primary schools to learn simple arithmetics? You just have to love these idiots if you are a contrarian.

The Greece problem has not been resolved yet, just postponed till July 3rd. So there may be another round of irrational selling.

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