Club Mulgoa

Wednesday, November 09, 2011

Gold producers

There are now a few journalists writing about gold producers who have been ignored while POG has remained over USD$1600 per oz. Sooner or later, the slow market is going to realize that profits will be generated by gold producers... who are not hedged.

When I say slow market, I mean dumb investors. But like everything in life, what is too obvious may be not true. And I could be the fool! However, I do think simple arithmetic has never failed.

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