Club Mulgoa

Friday, November 11, 2011

POG and AUD

POG up by 1.68% and AUD up by 1.3%. That means gold producers will be making bigger profit. The cost of mining overseas is usually quoted in USD so that becomes cheaper too. Next year, lots of investors are going to wake up to discover gold stocks. Most are anaesthetized at the moment.

Still an anaesthetist is not always right even when calculation is based on simple arithmetic; perhaps there are deeper issues to consider before the understanding of a gasman.

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