Certainty

The only certainty is increased volatility. The bounce was that of a rubber cat.

But wait. POG is going up, at USD1771 per oz now while the Dow has dropped 247 points. AUD is still over parity, just.

Hence, the gold stocks will be more valuable tomorrow. But markets when tumbling only look at gold producers as a piece of paper to trade. So they will fall too but not as much. These fund managers, they are such clever people. They can defy simple arithmetic.