GOLD 0.06% $1,227.0 gold futures

POG

  1. 16,156 Posts.
    Volatility is what makes Gold a good trade.
    POG 1583aud

    Plenty of profit for the Australian Gold miners and more if they are in acountry where the currency has fallen further than the aud such as Brazil. They you have the much cheaper fuel prices and they will be making a saving on the fuel and oil so the AISC is going to be lower. Mines us a lot of oil and fuel. Some of the coal mines in QLD have about 56,000 l of various oil trucked in about every forthnight from memory but that figure could be wrong. Mining Dump trucks/Excavators and drag lines use a lot of oil and they change it very regularly.

    There is no pannick if you are dealing with a POG in aud.




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