Rhodes,
Talking to me is liketalking to a post because I won't agree with your argument, however here's some news you can't argue with.
In a previous post I said the POG will depend on other things what the big boys are doing.
This is just out from Bloomberg:
HEDGE FUNDS REDUCE BULLISH GOLD BETS AS "BIG BOYS" ARE STARTING TO GET OUT.
Hedge funds reduced their bets on a gold rally to the lowest level since July 2009 after the metal climbed for 10 straight years.
The funds and other large speculators held net-long positions, or wagers on rising prices,totaling 144,236 contracts on the week ended Jan 11 on the Comex in NY, US CFTC data showed on Jan 14. The holdings fell 9.1% from a week earlier following a 6.7% drop in the previous week.
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is this the start, page-131
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