After being in gold for many years.
I decided nothing has a long term bearing on the POG.
Except the USD has some bearing as gold is priced in USD.
Other than that the reason gold has plummeted from highs
Is the amount of gold being produced.
Many mines opened up and many others would have gone into production
If gold stayed above $1400.
Even now plenty of mines would open up if we had gold holding above the $1400.
Now gold is being manipulated to provide those in control
The best return.
Some of us will remember times when gold has dropped $40 or more.
When really on data gold should have risen.
Or gold has spiked when the data suggested the opposite.
Most data can be ignored apart from a short spike or drop.
At this stage $1200 is the balance point.
I have no doubt gold will head under $1200 again and again.
If we had patience we could just wait until the POG goes under $1200 to start buying.
To me gold will dip under $1100 at some stage and will hit $1400 at some stage.
Only when gold production really starts to drop will things change.
I did look at a staking plan for BDR.
Based around 5 cent SP movements.
Very good returns for little or no risk.
Cheers
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