Sorry for the lack of response ... still trying to figure out where I got that number from, but apols, it was iincorrect.
The POG in US$ dropped over 4% for the month, but the main point I was trying to make is that I reckon it's fraught to be tracking the price of a commodity in a currency whose value is strongly influenced by commodity prices.
Having said that, the value of the US$ doesn't seem realistic right now - driven almost directly by US Fed interest rate settings. I'm pretty sure POG has dropped in recent times against the Swiss Franc, but maybe not the GBP; anyway, I'll be happy when it climbs against a basket of currencies.
Sorry for the lack of response ... still trying to figure out...
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