Gold stocks

Again, my portfolio was rescued by gold stocks. The market fell a little on Friday but I managed a nice gain. This trend should continue on Monday because the POG went up since. However, this parallelism does not always apply.

There are still some good gold stocks to consider. CGX has not jumped much considering it is a producer while AZM is very hesistant. CGX struck processing problem but this should be rectified by now. However, the market has never been partial towards it.

When the PNG government has finished toying with its recent mad idea regarding who owns the rights to the minerals underground, then the miners there can start moving forward again. For me, Indonesia and PNG are the most exciting areas.

I bought AUK recently; again at the instigation of RB. http://www.theaustralian.com.au/business/opinion/miners-bet-on-more-grasberg-gold-in-indonesia/story-e6frg9ex-1226098186912 Since the 20/7/11, it has gone up by more than 40%. In the last 3 years, its annualized increase in share price is over 100%pa. How can you ignore a result like this...

http://imagesignal.comsec.com.au/asxdata/20110804/pdf/01204417.pdf

To give you some balance, I also bought WWI but it has fallen nearly 30% but luckily it was a much smaller parcel. There has been no drilling announcement from WWI. Overall, I have made significant gain with these two purchases in a crumbling market.