I think we need to wait a little while for the conclusion to be...

I think we need to wait a little while for the conclusion to be reached that the gold rally is over. I recently saw a very good graph which plotted the POG and the money supply. The relationship was unbelievably close and the money supply is not contracting.

A wise man on the PRU thread made a very good point on the short-term lull in the Iron Ore Price a few months ago as an example of the current gold action.

I retired most of my SLR holding on Friday as I felt that sub $2.50 was on the cards in the short-term due to this "correction" (read short-term fall) in the POG. I will be buying back that holding next week.