Good Morning CNC, MML has under-performed the sector, maybe its...

Good Morning CNC,

MML has under-performed the sector, maybe its time to catch up a litte but will always be playing catch up. So perhaps its a good trading stock for various seasons of the year i.e Q1 rally etc. Though you are a sensible person and can make your own judgement.
At current price, you make a point that MML is the cheapest producer Goldie on the market and you're probably right. So it wouldn't be wise to switch just yet. But perhaps there is a reason for being the lowest valued also.

Your stats look good, but MML need to be execute and produce results. I will watch and see. Right i am just leveraging myself playing gold charts that look favourable along with operations of the companies that perhaps will do well i.e a few weeks ago buying AUD miners as AUD was primed to fall, EVN - NST -SLR - KIN - BLK etc...

I will switch back, once USD miners are ready for a rally, dont see that til Q3-4.

DO i see Gold dropping ? mm i am at work and don't have my chart, i wont be surprised to hit the upper line of the breakout in the summer (usa) and shake out the tree a little after a strong run, that line is 1190-1200... i am undecided but have cash to take the advantage if it were to come my way. Though i leave it as a possibility.

And by the way - great article CNC on housing. I completely agree, though i am more bearish on the indebted Aussie than you are. You said it well 25% would put to much strain on the housing market which in turn would cause a cascade lower. I don't want to turn this thread like i did on RSG thread, into a housing debate. But we agree as per your chart, Houses in terms of Gold will go MUCH lower. Currently in the 350oz to a house, we will see less than 100oz. SO in real terms, a 75% collapse.... Fiat isnt a measure IMO only for the poor.
Have you seen the Silver chart / Housing ? your thoughts... it sounds like a pipe dream ATM, but i think 1000-1500 oz depending on the city you live in, will buy a median home by the time this has ended.


CNC re your article:

All is not lost, the way I plan to (and have been) playing this scenario is go long Australian exporters (particularly gold miners) given the AUD will likely continue to fall and short companies associated with property and finance (ie banks, real estate agency, mortgage insurance, etc).

CBA is a 100% short bet once it breaks 70aud my target is 40aud initially before it goes back to GFC low. DO you CFD trade them on the short side or options ?
any other shorts ideas? For the banks i prefer the bellweather - CBA.

lastly

'So China is the REAL bubble that needs to pop'

What are your thoughts on Gold in this scenario ?

Mine will be the reaction will make Gold go higher.....