Well you were right with the lease rates.POG is now approaching the big $1000 and in AUD its $1060.It will be interesting to see if it can maintain its momentum.Unlikely in the short term but with the Fed printing billions and continually cutting interest rates inflation is almost certainly going to get out control.
However for POG to assertively move beyond the $1000 mark I think we need the Middle Eastern countries,and China etc to start diversfying a lot more into gold as the USD's demise accelerates.This may well create a chain reaction and send the price sky high as a number of analysts are predicting.
CC said maybe some news by the end of the week.Still have tomorrow otherwise till next week.
Cheers Tigerpen8
IGR Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
