POG, AUD and the disparity with share prices of gold miners

Spot on! The Dow can crumbled this AM, down a lot. The AUD is nearing parity again. But the POG is steadfastly at around USD$1780 per oz. When stock markets continue to tumble with further Italian concern, POG will fall, too.

However, it will continue to be a hedge for the cash hoarders. You can't put your cash in Euros! The Yanks print their money. Aussie interest is falling.

Today, I will be watching gold producers again... If they follow the general market and crumble, then they are worth topping up.