Apart from the outbreak of war, I take with a large pinch of salt all the views from so called pros on why the POG moves either way. Have a look at the last year or so and all the fundamental reasons why it should go up and it gets smashed. Its amazing how all these analyst jump up after every move and try to convince us sheep that it moved for the following reasons blah blah blah. They are employed to have an opinion and the first one asked get's his or her statement repeated by all and sundry. Its a safe game because you cannot be proved wrong. Does anyone really know why there were more buyers than sellers in the spot market last night....I very much doubt it, but a good reason will manufactured for public consumption.
SLR Price at posting:
49.0¢ Sentiment: Hold Disclosure: Held