That $5000/ounce POG had better come soon or we will all be done...

That $5000/ounce POG had better come soon or we will all be done for.

POG unchanged at $USD1725, US share market falls almost 1.5%, and the HUI and GDX fall 4.6% while GDXJ falls 5%.

Deep breath everyone - we goldibugs are being given a great chance to buy lot more shares cheaper before the goldies head to the sky as gold moves to $5000. I do not really believe that happening anytime soon - but I thought it might make me feel better if I pretended this was going to happen next year.

Perhaps there will be some sort of bottom in the market soon and goldies will recover.

My only consolation is that if you hold low cost goldie producers then at least they are making good money at the current POG and if it stays high the market will in the fullness of time recognise this.

I hate to think where goldies would be at if woteva's $1200 POG happened given the high cost of gold extraction and development.

loki (dream on)