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clock Created with Sketch. 18/11/14
23:27
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Originally posted by harvett
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Weren't you just last week bragging about how the POG is about to go down to 1000. Another Skol newbie who has not yet experienced the searing pain of being wrong for 6 out 7 years. the POG fell almost $600 last year on the back of a drop of 500T from inventory of SPDR GLD. This year they have dropped 70T and so far the price is back to were it was last may, in other it has not moved an inch. Now why do you think they are not dropping it another 500T this year if gold is such a dead commodity......what are they waiting for.
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You are shuffling deck chairs on the titanic. A small rally against the tide. Also called a sucker rally. Gold has gone nowhere for 18 months, too many burnt fingers in this one.
