had a good look at pog yesterday. would like to see $US break down below 80c again but not happening
herd sold their pog last week on high volume capitulation day at sub $1600. tagged lower and now low volume move back up
some low volume moves back up also starting on goldies
rsg from $1.25 level. swing up again today. called in advance. if pog holds then swing to $2 again over next few months
on daily now has a gap to fill for those who missed it.
even speccies some early nibbles underway. abu from 3.6c support. next stop 5c if pog holds here
abu one of the last called by pj as one to watch. he was rarely wrong.
anyway low volume low risk moves out there this week and may just end up with spike up if herd decide it is safe to pile back in to pog for whatever reason
early days for the goldies list from here
safer to wait for backtest of $1600 level on pog which is what most of market seems to be doing
big impact on valuation of goldies. eps with pog at $1600 big difference from $1000 level where a lot are cactus
in meantime the swings have started
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