Chrisviny,"Sledgehammer Ann". to the down side are you...

Chrisviny,
"Sledgehammer Ann". to the down side are you speculating?
We are thinking exploration upside surprise Ann more probable.
But who knows the future & in the end its all just one big Speculation.

But right now GOR is an A$ hedge v US$ , with both the A v US $ & the POG ,which has been a nice thesis but things change.
As many on this chat will be aware ;
POG v DOW Jones index has a mean of 5 Historically . ( takes 5 ounces of gold to buy the Dow Index)
& at zero interest rates , the mean Ratio will be re visited as cash earns nothing.( Ray Dalio "cash is Trash" , although right now we would all like more of that Trash )
But who knows when the mean equal will return. But it will..It always does.
Now its around 14.5 ounces to Buy the Dow J Index.

This of course means either Dow needs to fall , or POG to rise massively.
Most likely is a combination of both to retouch the mean of 5.


Interesting times indeed.

Best Wishes from a warm CH.

S.G