Club Mulgoa

Tuesday, May 21, 2013

POG

For the POG to yoyo as it has been in the last few days, it has to be due to market manipulation or dumping.  The supply-demand euqation does not apply.  Hence the good news is, it cannot last forever because it is very expensive to produce gold.  Cost begins even before exploration.

No one has to explain why the POG moves so dramatically unlike stocks on any stock exchange.  So today, gold stocks will tumble again.

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