Before we get too excited about the POG we neeed to look in A$ terms.
30 days + 2%
182 days+ 5.5%
365 days + 6.25%
This may explain why SPs have not risen as much as some people expect.
That said I am very bullish on gold stocks which seem both defensive against inflation and financial meltdown as well as growth orientated.
Disc TAM significant part of my portfolio
