no mans land

I think PNA is stuck in this range purely for physcological reasons as follows:

Dow goes up and so gold price drops - People are nervous cos we lose out on gold credits and so no one buys.

Gold goes up but Dow drops - People like the gold credits but worry about further price falls.

Dow goes up and Copper goes up but Gold falls - Same situation as above.

Copper Fals and Dow falls - People sell

and so the list goes on!!

It will take a while before people shake themselves out of this gunshy mentality...but once a big event such as refinancing the debt happens then I think it will be chocks away and the above wont count anymore....

I am in this for the long run so dont mind this current price at all...