Zeev's Turnips Patch-No Politics (ZEEV)

[Ace Hanlon]

Thanks for posting that Roach piece!

POG getting pounded, gold stocks weaker, but still holding up very well.

Against this positive divergence gold continues to trade poorly versus the buck -- POG gets wacked every time the buck has a decent bounce.

I still think all we building a base for a big move up in both POG and the gold stocks. But clearly the gold complex is not going to rally hard until gold starts to trade much better against the dollar -- essentially ignoring bounces in the buck.