is this time to short gold?, page-41

"He told me the consensus is that NCM is expensive to which I replied that it is now selling for what it did in late 2007 when AUD gold was $893 per oz"

NCM is a very different beast since 2007, CountryWriter. As well as share price investors need to consider market cap, equity dilution and country operating risk. Then ask why CEO Smith managed to sell at the 2011 high back in April.

It's not all bad news. Since 2007 gold companies that have protected shareholders by restricting new shares on issue have delivered fantastic returns. As a rule of thumb investors are better served sticking with these companies imo, e.g. MML, SLR and TRY.

There are winners and losers in every sector, good times and bad.

Rowingboat