Ann: Response to recent media article in the Solomon Star, page-32

Whats the average under 7 cents? I take it you meant so sold on average of 17c?

I am not sure either but unless gold is no longer wanted by banks, companies, governments and individuals then I think we should be ok.

Gold is up to 1218 atm

I have read that pog is down to 2009 levels near gfc and that a lot of the sellers have been buyers who bought in post gfc with cheap QE money. It is also theorised that a lot of these specs have sold to more solid investors which also reflects in a lot of share trade action in the last couple of months with most companies.
I like to think about the yank goldies who have to work within the usd pog how many of them would be getting put on c&a or consolidated or expolartion not occurring all meaning a better longer term pog imo.

To much crap going on atm in the world for gold not to be sought after it may well sell down to 1100 or it may not, we may already have hit the bottom if the yanks keep having hiccups.