Club Mulgoa

Friday, June 24, 2011

Simple arithmetic

I am still a faithful believer of simple arithmetics. AUD is steady at USD$1.05 and POG have been over USD$1500. I love gold producers that are ignored by the market. Actually not 'ignored' but sold down. These are the best buys at the moment. As long as gold is produced profitably, I have no problem with the share price coming down. In fact, when the share prices of gold producers keep tumbling, I will keep buying with whatever spare cash I can lay my hands on.

Smart or dumb? Don't know but I know simple arithmetic is easy to understand.

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