MLX 5.49% 43.0¢ metals x limited

Ann: Gold Hedge Program, page-22

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  1. 11,126 Posts.
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    With the falling AUD its best to hang on to some of these Oz based goldies because they are becoming more valuable and perhaps the AUD decline will fully offset a future fall in the USD POG, thus keeping the AUD POG at a robust level. Plus production costs have been coming down.

    Got back into MLX recently and may buy more on a pullback.

    loki (still thinking a major goldie puke is possible, but not so sure about it happening)
 
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