GOLDBUGS AMEX Goldbugs Index (GOLD): In theory, lower production suggests pr...

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Re: trdwatch post# 30251

Thursday, 06/20/2013 2:29:49 PM

Thursday, June 20, 2013 2:29:49 PM

In theory, lower production suggests price rises, but in theory eastern demand for physical means price rises and that hasn't happened. Currently I have slightly more confidence in TYO than the POG.

On that alone I agree with Buffers. Bonds are bad news and that etf might provide some salve whilst the POG continues to be beaten up.

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