Club Mulgoa

Monday, December 10, 2012

POG

The amplitude has not been as large but POG has now rebound upwards.  Lots of experts are predicting a rise to USD$1900 per oz... yet gold stocks are languishing.

When POG moves like a yo-yo, you know something is manipulating it in the short term.  This kind of movement will be ironed out when you look at long term charts.

Would I still invest in gold stocks?  You bet!  My problem is my cash has dried out a lot because I had to exercise my PIROA shares.  Em... PIROA is a gold stock that has multiplied 7X since I bought in several parcels in 2010 and 2011.

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