It seems every bull or wannabe bull is predicting a big bounce...

It seems every bull or wannabe bull is predicting a big bounce in IO price because of money printing. The crowd is usually wrong. I would be more prudent getting into gold stocks being that POG is stimulated by QE or fear of a world recession. I was once an IO bull even as far back as 2010. Held it right through the thick and thin of the GFC and never will I again hold because I think that it will bounce back while it is dropping. The world is a much more different place and the US had tried QE twice and Chinese once so they know the effects for another round. Who knows we may get another rally of IO back to $170 but I am not prepared to bet on it this time.

Many commentators and media are saying that AGO is losing money with today's prices. Some even predict the floor has not been set yet or that it will take 6 months to recover. We know what will happen to the SP with that kind of time frame.