POG AUD

There were many "experts" who came out blaring that the POG is going to collapse. Meanwhile, the gold bulls were retreating into their pens.

I continued to buy gold shares. And coking coal companies. The coal companies has faded significantly but this trend will only be for a short while. There is no substitute for coking coal to make steal. Thermal coal is a different story.

One gold stock that has leapt is AUK, written up by RB, the man who makes me a lot of money. You have to read in between the lines to work out its potential worth.

And then there is LSA which I bought for intermediate term. The market capital is under AUD$50 million but will be producing a gold revenue worth USD$70 million this coming year. The gold cost USD$800/oz to produce (not cheap) and POG is at USD$1600/oz this AM. Go figure. If you can't, go back to your primary school and learn some basic arithmetic!

Even better still, LSA has not finished exploring yet....