Im selling everything clothes/house/cars/stocks and buying Gold. Is that a positive for the Longs. Gold stocks have been trending down since november. Now is not the time to short despite those suggesting OGC may get cheaper. There are dozens of marginal gold miners who are not profitable at the current gold price and will cease operations. This will lower supply and stabalise the Gold price. Population growth increasing by 4 persons a day. 3B+ people improving their lifestyles and joining the consumer base, there is no way the current supply at the current price will sustain the ongoing demand. Ogc oversold as all other gold stocks producing in Aus.
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