Who would have expected this? Despite the AUD POG being back to where it was when our gold stocks were making their highs in 2010/11, our gold stocks are still down 70-85% from their highs. POG not keeping pace with rising costs and extreme change in sentiment are the likely reasons. The POG not keeping pace with real inflation is why I see it as being very likely to rise medium-long term rather than fall.
ABU Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
