POG, AUD and the disparity with share prices of gold miners

When the ASX plunged on Friday, POG fell to around USD$1650 per oz while AUD came down more. And today, it is USD$1661 per oz. So these well-paid idiots sold off gold producers, cheaper by 5-10% just because the broader markets fell. In theory, those gold stocks should be more valuable. If those fund managers know who their fathers are, they should ask their dads to take them back to primary schools to relearn basic arithmetic.

Unless POG falls on Monday, I intend hunting for more gold producers. I topped up IGR (at 46c just before close) and BSR (5.1c) because they fell more than the market did. BSR's SPP at 5.5c might be suspended. I am hoping those idiots, my pals, will keep selling!

BHP's PE is so low now that it would be stupid for a big Chinese company not to make a bid for it. Why grumble about price of Fe when you can get the producer cheaply?