re: gold -what will happen
I duly noted your tip Billy! I put it down to over exuberance!! As a holder of LHG, I have never seen it go up 15c!!
I think you'll find that the rise in gold stocks was tempered by the fact that gold may come off today. The stocks usually lead the POG. You can see that POG is already off from its highs - I think it will go lower. Longer term, however, the picture looks rosy for POG.
I'd be wary though of currency movements as well. ie AUD price of gold v USD price of gold. LHG sells in USD so where it may get a good price for its gold (the unhedged sales - I think LHG has hedged sales) it still has to convert back to AUD for ASX reporting - there's the exchange risk since the AUD is appreciating against the USD.
