It is very tempting to buy some at current price.I thought the...

It is very tempting to buy some at current price.

I thought the share price would be up first thing this morning and stay up, but the big seller really wants out and is pushing the price down. No doubt stop losses also being hit.

However, gold did not really do much last night and looks like heading lower over the next week or so. What is propping up the POG at present is increased short term demand in China and India following the drop in price. Once that demand has been satisfied the downward trend will be back.

loki