An interesting article, Bruce - thx for pointing me to it as I...

An interesting article, Bruce - thx for pointing me to it as I had not looked at Gold Eagle for a while.

It seems to me that the South African golds and the Aussie golds have a lot in common and that the days of being shackled by rising local currencies vis a vis rising gold prices is about to end. Currency rises will simply not be able to keep pace with rises in the POG.

DRD is a high cost producer highly leveraged to the gold price and is destined to fly when the currency / gold price nexus is broken.

In Oz (and I know it's not everyone's cup of tea) EMP is in a very similar situation.

Guess we will just have to wait and see .... should be fascinating (& hopefully, very profitable)