Gold charts, page-53

Hi Skol and all,

Possibly if you could open both eyes when reading a situation, you may have a better understanding.

The South African mines are some of the deepest and oldest in the world and their production costs are constantly rising, add to that increased labour costs as miners demand more money!

If these mines eventually stop mining how do you see that impacting Gold supply?

I notice mortgage rates are starting to move up in Australia despite what the RBA would like and this may add to the current housing slow down and not be so good for the big four banks and CBA in particular due to their high mortgage exposure.

With respect you may have more to worry about with your own portfolio than trying to protect future Gold enthusiasts.

Gold in AUD looking good today!!!

Cheers and very best regards: Andy