mf tempted at current price, page-30

It is a long wait before tax lose selling ends in June. Two whole months.

A lot can happen to the POG both on the upside and on the downside.

If the POG drops there is likely to be an even bigger massacre of the goldies this year compared with last year, which was itself quite an experience.

The only reason for holding goldies is a potential move higher of the POG due to a change in Indian govt that removes imposts on gold imports. If that were not to happen gold will get slammed down another USD200+ dollars.

I know some people think SLR is a low cost producer, but actually it is in the middle of the pack and would not be viable at an AUD1100 in the medium to longer term.

loki (batten down the hatches for now)