Perceived US Rate hikes is a negative for POG moving forward, hence the sell off in US Gold shares in the last few weeks.
With AUD POG most of our gold producing miners would be making a decent profit. I will still buy on share price weakness, especially stocks I feel could be prey for bigger miners. Even with US rates hikes it would push the AUD lower and net effect in the AUD POG might not be as negaitive as people think.
ERM is worth a small long term punt on future exploration success. I will be accumalating on any price movement below .09.
ERM Price at posting:
9.3¢ Sentiment: Hold Disclosure: Held
