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Doreen's not dazed by erratic markets

THERE'S gold in them thar hills! And we all want it. Now! And, really, who wouldn't when the markets are suffering from split-personality disorder?

THERE'S gold in them thar hills! And we all want it. Now! And, really, who wouldn't when the markets are suffering from split-personality disorder?

Last week gave us some temporary reprieve but who knows what's going to happen next week? Doreen Daze is still in front so she might be a good person to talk to.

Meanwhile, gold is on the up and up. We'd give you a value per ounce but it will probably be vastly more by the time you read this sentence. But that's a good thing for reader Gemma Salteri. She may not have been able to push Doreen out of top spot but she's hanging on to second and nudging positive territory.

Ramelius Resources is her darling. It finished the third week of our share race at $11,495. Not bad in the volatile few weeks we've just had. Ramelius owns Australia's highest-grade gold mine with Wattle Dam and also bought Mount Magnet in July last year, which it expects to start producing gold this year.

In early August they were forecasting a 300 per cent increase in year-on-year profit but they might have been modest if the gold price edges closer to $US2000.

Sheba Investment Network traded places with Nick Coe from A Current Affair for third and fifth place. Sheba moved ahead despite their pick of QBE Insurance, which has been experiencing a decidedly underwhelming performance of late. It is trading at its lowest levels since 2004.

Richard Pritchard stays in last place but improved on his $84,435 total last week. TVN Corp has been dragging him down. Empire Oil & Gas and Legend Mining haven't helped either. There's only one week left but Richard needs a miracle to get him out of the doldrums.

Penny Pryor


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