POG

Why POG fell recently? The logic should be the reverse. However, in reality, the opposite can happen. I suspect, with a few journalists quoting the same opinion, that desperados sell their best assets to realize cash. Once you get rid of these idiots, then the real supply/demand cuts in again to determine the market price for gold.

While AUD has risen over USD$1.05, the POG has shot higher to USD$1700 per oz. This usually means, the share prices for gold producers, and often the explorers as well, will rise on Friday. But logic would say, it is illogical to move based on one-day change in POG.

Yesterday, I got rid of EVR. I don't like managements that use Cayman Islands. Too shifty for my liking. I like board members to have some social conscience. Paying appropriate tax is a symbol of civility... and it marks the character of the people running the company. Making profit without contributing part of the profit, adequately, to the society is immoral. A scheming board is likely to scheme profit from the shareholders for themselves.