I don't think the over-reaction of sellers is due to manipulation or the POG, it's a reaction to the DOW tanking and the ASX following. I mean we're down 100pts on the market.
Also look at the reasons why the DOW tanked. Obama is planning to implement changes to limit how Banks can invest considering the trillions in dollars their taxpayers have poured in to save them. This will reduce their expected profits and hence the big banks fell 5%, making the DOW down 2%.
How does this impact Dragon? How will it impact the POG over the next few weeks?
How will the Euro go against the USD? How will the AUD go against the USD?
These are all the questions we should be asking. I think I have a fair idea and I have chosen to keep holding.
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