My holdings have a some exposure to POG ( shares in producers, developers, and explorers ).
I often fall back to the GBS.L etf for insight into short-term POG sentiment.
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Today I tried to see the impact of Basel III, from its endorsement (jan 2019) to its implementation (?).
I can see that the GBS SP has risen about 60% over that time, with interruptions oct 2019, mar 2020, oct 2020.
Last week the GBS SP lurched down to 166, and has since has become very tightly range bound with declining volume.
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By my reckoning this point is where about 75% of all volume since jan 2019 is in the green.
The GBS price of 166 has been support several times before.
I am optimistic that this will be the case again (and by implication for POG as well).
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Any ideas why the GBS SP has steadied ?
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https://www.rba.gov.au/publications/fsr/2013/sep/box-b.htmlhttps://en.wikipedia.org/wiki/Basel_III
