Is it me? or does it seem that POG wants to Fly but something shoots it out of the sky when it starts to take off.
Look at today a $25 dollar spike followed by a $40 drop. Feels like a 'nothing but net' shot from the 3 point line was just slam blocked by a 12 foot defenseman.
Fact: We are tied to POG.
Funny... how there isn't much physical gold to buy at the local dealers.
Some have 2 wk delivery times. My Family in China is telling me the Chinese are buying like crazy and the local jewelers and dealers are selling out. I read an article saying that some dealers in Dubai are charging as high as 750% premium.
I thought when demand increases and supply decreases, price increases but that doesn't seem to be happening with gold.
Does this seem right to you?
So...How long can this last?
Anyone?
GLTAH