I don't think the POG has been varying 'closely' with the US dollar over the past couple of months. The US$ has been consistently in the low .90's against our dollar for a while, whilst the POG has come from $1k down to $850 and back up again to around $890 today... the US dollar I admit, does give the POG direction, but as to the actual amount of movement, this is anyones guess... The US$ has weakened again today and nearly hit .95 against our dollar, so no doubt will push the POG in an upward direction, but by how much is anyones guess? Lets hope for a big run on the POG... imo I think it will get to $1k again and over...
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