pog, page-2

hi zimmo

we can woo hoo all we like with gold at current $$

trouble is it's a 'catch 22' with oz goldies - vis a vis, AUD v USD - plus high price of oil being reflected in markets for gold shares

imo, for gold shares to really take off, the pog has to zoom out of orbit enough to not be pegged back via currencies and oil price

central banks are now buyers and funds are starting to do the same - follow the money

still, the current long term trend in pog is better than the opposite :)