GOLD 0.51% $1,391.7 gold futures

going nuts, page-201

  1. 2,755 Posts.
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    You sound bitter ctindale, which is not surprising given the gains you have missed out on by not buying the miners.

    The reality is that even if AUD Gold were still at AUD$1200 there would be many miners making a handsome profit. As it stands today with AUD Gold at $1375 many Gold producers with Australian based mines are making upwards of $500 per ounce profit, those producers with mines overseas are often making much more, some in the vicinity of $1000 per ounce profit.

    The sentiment from the US Gold price has been driving the price of our Gold miners up, but the fundamentals were there already to support such a rise.

    Continue to bleat about GFC2, continue to moan about Gold producers being high risk, continue to miss out on some extraordinary profits.

    In May this year 80% of my super went into ASX300 Gold stocks and today that account is 85% higher!...these are bluechip Gold stocks we're talking!

    My junior/mid tier trading account is up over 60% the last couple of months with capital spread across 14 stocks.

    Gold is becoming increasingly covered in mainstream media again.

    The price is rising in leaps and bounds.

    The shares are taking off.

    We could be entering the end game for Gold where the mania takes hold and it heads parabolic.

    Yes there are risks, but personally I think the risk of missing out on what we could be on the doorstep of is greater.

    Anyway, back to the topic at hand, Gold in USD once again tapping on the door of new highs at $1358. AUD Gold while not at highs is still doing well at $1375.
 
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