Club Mulgoa

Friday, April 20, 2012

Gold Miners

An article by the mining editor of The Australia shares my opinion.  At the Eureka stockade revolt in 1854, there were thousands of Chinese gold diggers but with rampant racism, none were allowed to own a mine.  This is 2012, the Canadians and Asians are moving into the 3 biggest gold mines in Victoria.  If investors in Aussie gold stocks want to sell them cheaply due to market sentiment, I would buy them too.  Sentiment makes the brain go soft and stupid; thinking with the heart is different from thinking using basic arithmetic.  The fall in gold index is justifiable if the POG has plunged and AUD has risen... but these have not happened.

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