Club Mulgoa

Friday, May 18, 2012

POG

Gold price is rocketing up again.  Hence share prices of gold producers are on the rise too.  Why people sell those stocks recently puzzles me a lot.  Who advises them?

Notice AUD has fallen below parity (making the rise in POG even more spectacular).  This is only a hiccup.  When the Greeks (in Greece) are discarded into the rubbish bin to rot, the AUD will rise again.  But there will be banking turmoil for a while.

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