pisces
Thanks for the reply.
I am doing a bit of research on ETFs and have found a couple of providers that could suit me and will follow up with my broker to find out more.
The goldiebugs are beginning to hurt, including me so I have only a small holding of goldies. I never thought that supergoldiebug poster siamesparrot would have such a negative post on the gold thread -
"fire! fire! everyone's running to the exits"
http://hotcopper.com.au/post_single.asp?fid=1&tid=1949254&msgid=11403706
Perhaps that was the bottom last Thursday, but I have a bad feeling that the bottom could be later in the year, perhaps in July/August. There is concentrated shorting of the goldies during the quarterly reporting period in Australia and north America. Goldies are under the pump to deliver returns during a period of cost escalation, increased country risk, and a range bound POG.
loki
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