So you know what the POG will do in the short term? That's great. But then, I do believe it's just a guess and as good or bad as anybody else's guess. To me, the POG doesn't look too shabby.
http://www.24hgold.com/english/interactive_chart.aspx?codecom=GOLD&chgecom=ChgeDollarAus&valecom=valedollaraus
You'll always find many experts predicting the POG is about to collapse, the bubble to burst, stuff like that, and at least as many others that will tell you the exact opposite. It's all rubbish. Tomorrow's POG is a thing of the future and since nobody knows the future, you simply can't predict the POG short term.
What we do know though are the driving forces behind gold's advance and we can be pretty sure that most of them won't disappear quickly. So why not just keep your SBM shares and Nuggets and ride it out? The only one to make money due to your in-and-out moves, is your broker.
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44.0¢ |
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Open | High | Low | Value | Volume |
44.5¢ | 46.0¢ | 43.0¢ | $2.761M | 6.243M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 8700 | 43.5¢ |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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2 | 8700 | 0.435 |
4 | 45623 | 0.430 |
2 | 56000 | 0.425 |
4 | 52469 | 0.420 |
2 | 90000 | 0.415 |
Price($) | Vol. | No. |
---|---|---|
0.440 | 300670 | 3 |
0.450 | 105000 | 3 |
0.455 | 98000 | 2 |
0.460 | 121470 | 8 |
0.465 | 128216 | 3 |
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