POG

Still the best yoyo show in the world!

This AM it pips over the USD$1300 per ounce mark.  But I have no idea why.  That usually means tomorrow, it will fall.  POG is subjected not to supply-demand balance but by artificial trading of gold without the physical movement of the yellow metal.  Sooner or later, a respected international body will have to put a stop to it before a major default surfaces where physical gold is demanded by the buyer from the seller.

Today, I expect my gold stocks to continue rising...