Base for Gold
The current drop in the price of gold will help establish a true base that will bring back the larger institutional investors. As with the drop in the Canadian there are many other countries trying to get an edge to the 'race to the bottom'. In my opinion the current move up in the US dollar and the fear of an interest rate hike is helping to drive down the price of gold. This high US dollar in the long run and higher interest rate will be a negative factor for that economy. The ones that are patient and wait this out will be rewarded. Like I mentioned in prior post, the base for PG keeps building and we will have multiple options. Just a little more pain but the rewards are coming.