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29/10/15
16:18
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Originally posted by crusader35
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POG $AUD still comfortably over $1600 with AUD devaluing to $US at same time.
Fantastic margins for disciplined OZ producers at the moment. Expect some profit taking and consolidation here . Since about August POG in AUG has been relatively stable with some volatility. We are in the buying season , Fed has not hiked rates yet and world still dealing with some big problems.
I also read somewhere that gold company SPs can be a leading indicator of POG. Some of the big producers seem to have turned a corner with some of the oz ones a clear standout lately.Would appreciate others thoughts.
Although SBM has come a long way in SP since dark ol days, feels like we have just recovered lost ground and still wait for its true operational value to be recognised. Great assets , management and operating environment = confidence. GLTA
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Today's sell-off was relatively tame. The gold stocks here and in the US have been leading the gold price up since their August lows. It's the place to be for portfolio insurance imo, with a good chance of massive gains in the months ahead