Club Mulgoa

Monday, August 08, 2011

ASX

What a whack!

But the price of gold is up and AUD is down. And so the value of gold producers are up. That is right, PRODUCERS is the key word.

Short term, the fund managers are dumping everything indiscriminately. I have picked up IAU, DRA, RMS, SLR, KCN, LSA and SLR. All producers except IAU. PCL is an explorer. CNLO fell by >30% so I picked some shares too.

That is it, the cash is exhausted. So no more buying tomorrow.

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