GREY:OLEPF - Post by User
Comment by
tony1969on Jun 30, 2013 10:36am
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Post# 21581977
RE:Nice reversal in gold on friday from down about $25..
RE:Nice reversal in gold on friday from down about $25..Thanks for your kind words Comet. That reversal we saw friday and the buying of the majors in my opinion marked at least a short term bottom in the pog. I have not been very positive on the pog for a couple of months now after the collapse but at this level or a bit lower you will see supply constraints that will eventually help the pog. All I hear is that there is a lack of physical gold out there to buy. I may be wrong but I feel that the tide is finally turning.