Plough
My concern with DRM and PGI are they still aren't as yet in full production and as such we can only guess their profit margins from what they are telling us. I hold both SLR & NST and both those the margins are known. I am trying to understand the fall in gold price as from what I have read so far it is all attributable to ETF and other derivative trading. I can't find anywhere, where any real gold has been sold into the drop. I understand that the POG stated is what the miners have to sell into if they have not hedged, so even though I am very concerned I think it's way to early to move out of unhedged gold stocks. The other part of my reasoning is the world still has the same problems that have caused POG to rise ie money printing etc. Would appreciate your opinion.
John
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- need to watch this closely tonight
PloughMy concern with DRM and PGI are they still aren't as yet...
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