abu in a nutshell, page-39

The POG, the bulls vs the bears!

Goldman Sachs have no morals or ethics, just look at the number of investigations currently underway into their practices. But they will do all in their power to make a profit, ethical or not. So they are talking down the POG, along with plenty of other big instos, trying to scare investors into selling.

And to some extent this becomes self-fulfilling, as more and more investors "jump on the bad wagon and sell."

But all the time GS are really looking at buying Gold. If they can get the price as low as possible, and GS states this to be around US $1050/oz, they will then buy a vault load, and begin talking up the price of Gold. Making 40% profit would be easy from that low price!

At US $1250/oz, GS could make an easy 10% to 20% profit, big money when you are talking about investing billions of dollars. At US $1050, if they can get it there, GS will make an easy 40% and be "laughing all the way to their own bank!"

Those manipulating the POG couldn't care less about the mining companies, but the more Gold projects that are struggling, the more that are mothballed, the more that Gold becomes scarce, the better for them in the long term, when the price moves much higher again.

GS couldn't care less about us "mug", small time, investors either, we're just "cannon fodder" for their egos and profits!

If the POG does hit US $1050/oz, then I will buy some physical Gold myself, as making a 40%, tax free profit, would be easy to achieve over time!

The POG is out of our control, the big players like GS have a big say, and at US $1250 or lower it would appear cheap.

But at some stage the POG will rise again to US $1450+, and the sooner the better for ABU, all Gold stocks and Gold investors.

Go ABU!