Great day for the believers today ....Ran harder than what i thought and closed on the high.
Just a thought for u evg holders>>> What are the chances that evg Decide not to hedge ????Ummmmmmmmmm.
Lets say Gold is at $1260 on OCT 2010 and brokers , analyst ,central bankers ,CNBC tv presenters ,weather man, woolies checkout chicks and car sales people and people in the know say gold will for sure hit $1500, then what do u do??? IMO if evg do hedge it will be closer to $1500 than $1100.
Any way the way i see it is this :(2 year plan)
What is the chance of the dollar going to parity or above ...answer 2%.
What the chance of the aud doller fallin bellow 86c ..answer 80%
What is the chance of the POG going to $1500 or above..answer 50%
as you can see thers more chances of this going higher than it going lower so that why all along i have said this one is a no brainer.
Cheers
Ps ...Remmember BJ said 2 years patients and u will be rewarded.
EVG Price at posting:
10.0¢ Sentiment: None Disclosure: Held
