WORTH REMEMBERING...........
As the paper POG/POS are being driven lower this morning by "whomever" -- it is worth remembering that physical gold supply is rapidly declining............and..... also ........ be careful if you use "stop-loss" settings -- professional traders can see these settings and therefore know just how low to take the price if they want to scoop shares.
39% Of South African Gold Production Is Now Offline
https://www.zerohedge.com/news/2012-09-26/39-south-african-gold-production-now-offline
Over a month ago, when discussing the implications of the South African miner strike that will not end until all local mining companies' income statements are crippled after succumbing to wage hike demands, we said "Expect more South African mines to shutter, as gold production in the world's third largest gold producer grinds to a halt, and the local workers grasp they had the leverage all along. Should the South African example spread to other countries, then expect the price of gold to soar regardless of how much printing the central planners engage in the coming weeks and month."
"AngloGold, the world’s third-largest gold producer, today said all of its South African mines have been halted."