POG at record high
It is over USD1800 per oz. Is there a gold bubble now?
At over USD1600 per oz, most of my gold producing stocks are more than viable. Profitable. Gold bubble cannot be pricked as it will always have a value, more stable than currencies. So even if it drops down to just over $1400 per oz, if share prices of gold producers were stuck or had dropped to that level, why worry if you are not borrowing to buy?
Out hunting for gold producers again this AM!
posted by Club Mulgoa @ 4:46 PM
2 Comments:
DH harped on last night about CRC which isn't producing yet but maybe not too far away and also ROL which has the rights to a whole island - grades are great and JORC due this year - obviously quite a way off producing though.
So many choices - seems as though checking once a day isn't nearly often enough. Decisions, decisions.......
The choice is easy. Look for gold producers and not just gold explorers. My IGR has gone up nearly 10% while RMS is up 20% in under a week. IAU (explorer) is around 10%. SLR, KCN and DRA about 7-9%. I expected LSA to perform well but it fell a little. Overall, those I bought on last Friday and last Monday have done very well. I try to choose mostly the producers.
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