margin explosion, page-4

http://www.zerohedge.com/article/there-goes-gold

QE3 not to far away. Start factoring in $2k gold when looking at cash flows of the miners. US dollar to drop between 5% and 10% upon implementation of next round of easing - aud probably back to 1.10.
Longer term NCM and the quality producers will be trading in multiples of current sp.......