IAU

The closing price of IAU on Friday is very close to my buy price now. I bought IAU when the market was dumping everything while POG was leaping upwards. For a while, I was doing well but the recent European turmoil has make it a bigger loss. However, it was predictable that the JORC resource will rise, logically from its drilling results.

When it recently announced a significant jump in its Indonesian project, the market gave it a big jump. Unfortunately, it is not a producer yet. When the sentiment turns negative, then it will fall again, irrespective of any new discoveries. The most significant factor for long term price performance is still consistent and prolonged period of dividend payouts... based on profits, not financial engineering. This is so basic that you don't have to do a tertiary financial/commerce course.