7 an oz au, page-9

spot on.

I wrote it somewhere else.

Biggest problem for gold producers, junior producers and explorers ist that POG did raise in US$ terms but not in *real* terms. Normally with a few hundred doller plus in the POG, producers should have shitloads of cash, investors should be eager to invest in Gold exploration. But. It is not. Because POG did not raise in real terms.

I'm convinced that Gold will raise big time in real terms. How this will happen, no idea, maybe a multi thousand POG or collapsing oil price/decreasing cost of mining.

Enjoy,
Pisa_