POG

While POG has come down, I noticed it has support at above USD$1600 per oz. What is even better is, AUD is down so the value of gold has held up well downunder.

The market is going to be extremely volatile. Unlike the plunge in August, with this recent turmoil, everything points to panicking response by investors and continuing financial problems in Europe, USA and Japan. China is the bigger worry as Australia's wealth is tied up to China's health.

Unless it is an absolute bargain, I will just sit on the side.