Bad day on the market

DJI is near unchanged. POG is down a little. The latter is more significant although since the AUD has fallen back below USD$1.08, the POG in AUD is relatively unchanged.

Still, the market likes numbers, not computation. Yesterday, I had lots of alpha, with courtesy to AZH, GOR and IVR (Ag). By the law of average, I expect it to be negative today.

What I find amazing is ABU is still wallowing in spite of multiple good trenching results. I remember attending one Proactive Investors conference. The CEO was very excited about gold grades at under 1g/ton at the surface. He said that it was because it "indicates" underlying gold and suggests that the direction for drilling is correct. Those at Old Pirate tenement are recording over 20g/t, with only a small area drilled.