FWIW I agree with the following sentiments. $850 (USD) or slightly below is the BIG LINE IN THE SAND FOR THE POG.
Once one accepts that, all else is just 'panic noise'.
The golden phoenix will arise from these ashes and will be even more powerful when it does.
James Turk, Freemarket Gold and Money Report:
"I am therefore now prepared to say that gold will never again go back below $850. Gold is just too cheap and the dollar is being inflated away too rapidly for their exchange rate (what we call the “gold price”) to ever again return to that level, regardless of the determined efforts of the gold cartel to cap gold’s price ..."
