IMHO - the powers that be are are just pushing the gold price down before the Euro bank test results get released on the 29th of July. The Italian banks are totally broke yet no-one wants to bail them out.... We will see of course. In the short term the POG moves are really so insignificant, although of course, I can only guess that a large majority of posters trade, hence the interest in the daily moves.
Not long to wait for the quarterly, and hopefully some more nice drilling results.
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