PRX 0.00% 0.2¢ prodigy gold nl

p.o.g, page-33

  1. 1,165 Posts.
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    "... before this gold bull market ends."

    Bit of a stretch to state we are in a gold bull market. I would have agreed with you at the start of the year though.

    Gold has gone down from around $1700 in January 13 to under $1200 this month, and confidence in the sector has plummeted. Hardly a bull market surely?

    The trading in gold leaves me perplexed. We have China, apparently, buying nearly all the physical gold produced. And yet the price is dropping or at best weak. How does that work? They weren't buying gold at these levels a couple of years ago and the price of gold was rising!

    With China buying so much gold, and presumably reducing supply, how can the price be going down?
 
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