Updating my view on the POS returning to the long term trend it has shared with the POG, overnight it found some support @ around US$33.
The question remains, will the POS continue declining further given it's already fallen approx 28% at its overnight close of US$35.61.
Who knows whether it will or won't but what I will say is the past is generally a very good indicator of the future so my guess is that the POS may indeed have further to fall.
Support @ US$33 could be just that SUPPORT however if not then I'm suggesting that $28 isn't out of the question.
As for AYN's run yesterday (swimming against the tide) considering the sizeable drop in the POS the previous night overseas I'd have to suggest that some caution is warranted. There was a post by "ourlady" on the AYN forum which for me summed the possibilities up nicely indeed.
Remember there's a much bigger game at play than the one you or I can see ;)
