POG and AUD

POG is up again and AUD is down against the USD. Yet gold stocks didn't shine today. But if you have been reading the papers, this guy Evy Hambro who controls billions of dollars... he follows my line of thinking. He gets paid millions and has a huge throng of underlings to do his research work and run the company for him. I get nothing.

This is how I think and it isn't original. History repeats itself but few people learn from history. When gold went berserk many moons ago, the price of gold stocks in Johannesburg remained low. Only when profits were announced, then only the market noticed. Why wait for that?

Evy said that these gold companies are making huge profits because of the big difference between cost of producing the gold and selling price of that gold. Fewer and fewer are hedging their gold now. So his company is investing big in gold stocks. But unlike me, I go for the fledglings. He can't go for them because they are too small for his company to digest.