Club Mulgoa

Tuesday, August 27, 2013

Gold

POG is the best yoyo show in town...

With this kind of unaccountable swings, you can be sure there is manipulation.  Do not dabble in the gold when there is no rationale behind the price movement.  In the longer term, because it costs a lot to explore and then to mine and transform the metal into ingots, it cannot remain low when there is a demand for it; not usage but demand.

Hence, I don't intend to trade my gold stocks nor buy bullions.

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