I was sort of thinking that banks etc would be pumping the goldies now to offload a bit more of their holdings. The seasonal downtrend seems to have started a bit earlier this year - it looks like the distribution has been under way for a while.
The POG aint going nowhere - at best it will be sidewise and more likely it is down - over the next 3-4 months.
Cheaper prices to come, even if the POG were to hold up.
Perhaps a bounce if we get a gold friendlier new Indian govt in May - but who knows.
And a bird in hand is worth at least three in the bush these days, so says I.
loki (oh you are a cheerful one)
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