Month EndI suspect some traders getting caught at month end. Once the silly dumping is over, we
should firm up again and that goes for POG as well. The contirived selloff in POG has
certainly contributed to the correction in golds but the the US has to be very mindful of cutting
off their nose to spite their face. A strong US$ also has its downside so the Fed needs to be
extremely careful in tinkering with further rate increases or they risk losing everything they
have gained. They haven't even cut rates yet and the reaction is way overdone IMO but that
just goes to show how volatile and overmanipulated things have become. MS