I will quickly reply, before I have a glass of wine. My new rule "no more drinking while posting".
Having read various commentry on Benanke comments overnight, JG's assumption of $1700 is very realistic.
Benanke clearly signalled that the finger is on the trigger for the next QE. I am no expert but, the commonly held "wisdom", this indicates a bullish outlook for gold and silver. Gold's previous high was circa $1900. Some are expecting much higher than this (to be balanced, some aren't).
To cut to the chase, the POG is more likely to go up than down. Lets hope it goes up and up and up.
This could be the start of the new gold mania, something like Bob bishop has posted previously about. Lets hope so.
Cheers
current gold price, page-2
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