I was saying that instead of marking time month after month (with consequent opportunity cost) in gold juniors I was investing in other sectors showing massive growth today (eg MAK, IPL, NUF, RWD).
Wouldn't you be better waiting for a breakout in the gold juniors before investing? After all, POG in AUD has only gone up 20% in the last year and as I said as an example Oceania's mining costs have risen 37% in the last year. That means a marginal mine will lose more money this year than last year UNLESS POG goes ballistic and outruns the declining USD, ie achieves higher price increases in AUD. The jury is out on if and when that will happen.
Anyway, each to their own, you are happy and so am I.
TAM Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held
