Albaman, the AUD POG was around 1,640 last I looked. Oil is falling, so is copper and pretty much all input costs will be falling.
So we have 1,640 AUD gold up from 1,415 from just last quarter (up $225 per ounce) and we have input costs lower. This is great for profits (revenue up and costs down).
Gold stocks are great in a depressionary environment with POG holding up purchasing power and input costs falling.
great time 2 sell gold but not 2 sell fml, page-53
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