Tend to agree John Risk, however its always hard to look that far ahead. But based on the current S&D dynamic I think about a 7 - 10% increase in the POG year on year for the next few years at least. In the short term I am looking for gold to challenge $1420 resistance later this year, as the physical demand season kicks in & we see some speculative positioning, drafting in the tail wind. I also think we will see Aussie gold outperform as the AUD slides against the USD over the next six months or so.
