The reason its trading at a PE of 2.5 is because the market...

The reason its trading at a PE of 2.5 is because the market trades on the future and obviously the market foresees a continuing softening of POG.

I had a stab and bought in last week. I was on the fence about it and then read colinchi's post that read "POG should hold until the end of the week, Then the slide will continue." and took is as a sign from heaven I should buy in. Sorry buddy but I did.

Not a big trade and I doubt I will hold for long but worth a punt. I find gold hard to predict and the gold miners as transparent as a brick wall so generally stay away but the market in general is high in my opinion and as such there are not many bargains around the place.

Anyway all the best to everyone colinchi included.