Why I hold mnm....., page-6

I copied this post from the Gold thread......Sounds like many other people think Aud gold is going up.....

"aud gold is going up - strong buy

i can understand shorting USD gold if you're in that trade above $1300USD - technically the medium term trend is lower but oversold and very close to 50/200 MACD driving another $us50 pop as last Nov - after which a FED rate hike would drive it lower.

But AUD gold will rise regardless - esp if we cut rates here.

profitable AUD gold producers are an oustanding value buy here - rising earnings, exceptionally low valuations, and generally with susbtantial potential to increase output if aud gold rises further.

far cheaper corporate valuations than oil on a p/e basis.

but oil too is constructive at an AUD level"

if Norton provides a good cash flow I expect IK to increase production to generate as much cash as possible to get our other gold projects up and running....

Dyor