i'm not a chartist, people who think past performance is any indication of future prices might as well just talk to a clairvoyant. but look at this lovely chart. it says it all. since 1st Jan 2009 AGO has fallen 37%, whereas BCI has risen 975%.
how has this happened ? BCI has increased tonnage while maintaining grade and reducing costs. AGO has increased tonnage while decreasing grade and increasing costs.
credit swiss thinks AGO is worth $1 - well big deal, it was at $1.06 two weeks ago, they are hardly putting theirs on the block, are they.
AGO Price at posting:
78.0¢ Sentiment: None Disclosure: Not Held