Admittedly there are various factors and I too am aware of knowledgeable commentators who say the POG could go down further before moving back up to even higher levels because of the level of quantative easing throughout the world. However, I think the last few days are resulting from expectations about the (virtual) Jackson Hole meeting on Thursday (US time). The days before that are a correction from the jump up to US$2050 or so.
The Aussie gold companies held up fairly well with the correction and it is only the past 2 days that they have dropped back appreciably.
WAF $2.00 Party - You're all invited!, page-535
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$1.37 |
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