Club Mulgoa

Friday, July 08, 2011

Disastrous week ahead

When markets keep rising, you know they will correct soon. And with bad job figure from the USA, there is an impetus for the impending fall next week.

Yet, while AUD is steady against the USD, POG continues to climb albeit slowly. If next week shows investors dumping gold producers, you wonder how they make longer term decisions. Short term investments are for gamblers. And I prefer to gamble to WIN. Hence if any of my gold producers come out short, I will definitely plunge in again and again.

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