As always - interesting analysis Fourdollars!
Agree too - that helps.
Expect some sort of seasonal firmness in POS in the next few months.
But a drop to $15 POS or thereabouts in 2015 would not surprise.
The expectations that money printing would surge the POS has continued to be disappointed.
Do not think demand is improving.
Without speculators purchasing bars and coins there would be an oversupply.
So $15 POS in 2014 can not be ruled out IMO.
Cheers
Vidi
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