POG and AUD

The Dow does not know where it wants to go this AM but the US market is still open for another hour. What is 'certain' this AM from the combination of a rise in POG and a small fall in AUD, is a rise in the value of gold stocks. The SPI is marginally down. Oil has not moved much either. Well, virtually everything is directionless... except for the POG. Warren Buffett does not know his history very well. Gold may have hardly any industrial use but it has represented value for a long time. The biggest hoarders are central banks.

Copper is stable while its inventory in LME is falling. Greece is still in deep shit but at least the Greeks can still keep their toilets.

Two gold stocks that have fired my interest recently other than ABU are RDR and DRA. I have also put in low bid for BSR, FML, RMS and RDR. If there are desperate sellers, I am happy to oblige.