Personally I think the POG will come back even better in the long run. It will probably remain very volatile for a couple of months, but good producers with good prospects ahead of them will have to do better than the rest.
FACTS 500 tons of paper gold was dumped on the ETF on last Friday. Who the hell has that much paper?? World banks are buying gold at the fastest rate in history! COMMEX more gold has gone out of commex for physical delivery than ever before. Perth mint is inundated with buyers for physical gold I checked their website and yesterday was the biggest day for about 12 years. Germany asked U.S. for its gold back Texas asked the U.S. fed for its gold back Arizona and several other U.S. states are introducing legislation for a vote as to allowing gold coins as legal tender. The U.S. mint cant keep up with the demand for gold coins this year.
BDR Price at posting:
66.5¢ Sentiment: Buy Disclosure: Not Held
