Club Mulgoa

Friday, January 18, 2013

POG

If you follow POG, you will know that based on its pattern of late, never buy gold bullion when it is on the rise AND rise.  Buy a short while after it plunges.

If the rise is true and sustained, the share price of gold producers would not be at their doldrums.  It is also a pity that producers who should be making big profit are making bit profit.  Hence the market's skepticism is not misplaced.  Why the management is so bad is hard to justify.  Perhaps someone is taking the profit out as remunerations...

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