US Job figure and POG

Gold makes a good buffer against a falling Dow. It has not hit the peak yet. There will be more troubling news from the USA. If you look at Australia's manufacturing, it has been decimated by cheap Chinese imports. The Chinese government is happy for its citizens to work for pittance. Of course, that 'pittance' is still a lot more than what a Chinese worker would earn 10 years ago.

POG is nearing USD1890 per oz. One more very bad performance from Dow, it will fly over towards USD2000. The Yankees cannot keep spending on credit. And Greeks have to work harder and for longer and for less... like the Chinese and Indians.

My blue chip stocks are left alone. I have been investing mostly in gold producers and they have not disappointed me much. Explorers do not excite the market as much unless they uncover lots of gold (eg AZH) or will be producing very soon. NCM rose under 5% since year start while POG has gone up by >20%. Can you understand that? Not so much why people are not buying more of it but rather why idiots are selling its shares.

Watch gold stocks on Monday!