Dan, my long term perspective is currently limited to the Boca Raton G-7 meeting <g>
I am not "hoping" for a 200% spike in POG, just watching if and how POG would do 370 EUR. I would be bullish POG with 370EUR confirmed as next level.
In the meantime, futes and options expired today in London.
Comex has first notice on Jan 30.
Now is a good time to start watching the gold lease rate: if this one starts rising, we could have some sort of a rally in early Feb.
After that, I will wet my finger.
Have no plan B for this Spring: could as well go cash.
I fear that, when the broader market will reverse, PM shares will sell off in sync before rebounding.
Gotta watch the week after the G-7: maybe there will be a base set then.
lvlamb a k a
Louis V. Lambrecht
Whenever you find that you are on the side of the majority, it is time to reform. (Mark Twain)