report not looking good, page-8

Hi dakki,

Yeah your right. But shares trade as much on sentiment as anything else, and the gold price sentiment is heading down.

But I actually think that it is perhaps not a bad time to invest in something like GOLD or ZAUWBA on the ASX, or bullion or Perthmint certificates. On the one hand they provide a hedge against a rising USD vs AUD; and on the other hand, if POG rises again (against all currencies), then it provides a win there too.

But sentiment is against gold shares for the present and not likely to rise for a while.

I don't really put much faith in charts (they only look to the past) but its worth noting NCM's, lower highs, lower lows.