Club Mulgoa

Tuesday, October 25, 2011

POG

What a jump this AM! This is in reaction to EU Foreign Ministers procrastinating. The Europeans cannot make solid hard decision and still pussyfooting around the Greek crisis. How do you make a nation work if the citizens are so lazy?

But this kind of rise cannot be sustained. It is one of those short term reactions, totally the result of big fund managers, responding to one news event.

Still gold stocks will rise again. Some have been badly hit recently. I have been buying but only in small quantities and on fewer occasions. When the dead cat stops bouncing up, it is less painful! I recently topped up AZM because it is below my original buy price.

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