"Stupid investors are selling everything. There will be bargains in gold stocks - going to buy more gold shares but not today as they may go down even more. "
You are probably correct , I tend to look at a floating $A as a good thing as it tends to lose value to the $US when the proverbial hits the fan state side , so making POG in $A go up so good for the goldies ,
UG miners tend to benefit more than OC miners as a smaller proportion of UG energy costs are diesel (which goes up with a devalued $A) compared to OC miners and SPR when running has a process plant running on gas rather than diesel would be in SPRs favour also
Guess we just have to ride out the storm , and keep the powder dry for any opportunities .
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