POG

POG is providing the best yoyo show in town.  Up and down, up and down, down and up, etc.  But what is pretty obvious so far is that there is a floor.  It never went below USD$1200 per ounce for long.  Many small mines are not viable unless its gold is hedged.  If mines close, then supply will diminish.

Yes, the market will plunge today as fund managers will simply follow the DJI (and getting big fat pay irrespective of performance).  However, as the POG is actually up and AUD is steady, I don't expect my plunge to be as drastic.