POG… is in a bad way at the moment.The problem here is not the company but the price of gold! We all know that. We also know that during a bear market in any commodity (or sector) can last longer and wash out more investors in the making.
Let’s not forget the terms for that are value and opportunity.
Remember just a while back people just could not get enough gold and the price went up! Well… now we are just seeing the opposite. It may have already gone on longer than most of us want, but as bull markets always push higher because of euphoria… bear markets overextend because of fear.
Emotions people… that’s all they are. Combine that with negative marketing and the bullion/paper battle and that’s what you get.
It’s like everything else. If JP Morgan and the other big players against POG want people to sell, they will use all the tools to do so – and market it like nobody wants it (could be anything, doesn’t have to be gold). The same is true when they want everyone to like it (but the effect opposite of course).
If you believe in Gold’s story (after all it’s only been going up and down forever) and feel that one day it will be back, why not dollar cost average the stocks you like? They are inexpensive now and getting less expensive.
Remember… history always repeats itself. There will be a time when gold we be king once again… nobody knows when, but as the price drops there is more shut – in. More shut-in means less gold on the market. Less gold on the market means…
Who knows, with battery technology going the way it is… Gold may even start becoming and industrial metal. It’s already being used in high tech computer equipment because of its ability to conduct with low thermal transfer.
Stranger things have happened.
GWH