Re: Thursday's snap back in the gold price.
My theory is the manipulators, whoever or whatever it was that artificially influenced the POG and brought it down to the US$750/oz level recently could only maintain that game for so long.
You cant ignore and beat reality by artificially playing with the POG - the fundamentals were always going to win out eventually.
- supply/demand and production costs will always be the determinants of the POG... future traders had their fun for a month or 2.
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