pna high of the day., page-42

stefanis - sorry to butt in but...

exposure to gold - lihir (LGL) somehow always find a way to underperform and today it's their ballarat operation (200 workers laid off). ballarat has to be viewed as problematic - apparently the gold is there but historically no-one seems to be able to get it out and with gold at around $US900 it seems to me that it's just not profitable to be the 3rd 4th 5th nth ... company to try.

ASX code GOLD is the best way to gain exposure to the yellow metal itself (imho) its price is calculated on 1/10th of an ounce of gold in $AUD - so last price was $121.00 - you can buy it as you would any other stock on the ASX. Of course if gold goes up in $US and the $AUD appreciates against the $US at the same time, which is the norm, your gain is somewhat muted. nevertheless it is the same as owning bullion in australia with the advantage that you don't have to pay all the silly brokerages and margins and without the problem of physical security and delivery.

my personal preference at the moment is pna though - i'm hoping for big things at ban houayxai combined with the pog going way above $US1000.

caveat - i have been wrong many times before