POG

Currently, there is nothing else to invest in other than gold and silver... and occasionally potash, phosphate, oil & gas stocks. Industrials are not doing well in the ASX. If you look at the reason for investing, it is for profit, or prospective profit.

So if some idiots are selling something that is worth more or will be worth more because it is increasing in value (ie becoming more profitable), then why not relieve them of their misery? Unfortunately, these type of idiot are getting fewer. In fact, getting smarter but the source has not dried up. Yesterday, DRA fell. It is a PRODUCER and explorer. And very successful at the latter. My "problem" was I went on a buying binge on 5th to 10th August and depleted almost all my spare cash.

It wasn't a real problem because I have made mostly nice profits out of those buys. But surprise, surprise, surprise, IAU has gone down! I should have noted it has not started producing and won't be for a while.

This AM, POG has gone a few cents or few dollars over USD1900 per oz. At least this time, it is a slower march upwards. Strange that gold bullion is on sale in the USA but the Dow is closed for Labor Day.