SBM 7.69% 21.0¢ st barbara limited

what if pog reaches 1200?, page-3

  1. 8,033 Posts.
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    I expect to bottom will be a fair bit lower than $1200
    But also expect it won't stay there long

    There will be huge physical demand
    And pressure from mining companies on the Gold Counsel
    To do something

    Gold is a commodity and has real value
    Paper gold can play the price
    But  mining companies are not going to produce at a loss
    For very long
    So I suggest the bottom won't be long

    The next high should be higher than the previous

    Then for a new high
    That's what I will be looking for

    Imoo


 
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