POG Vs US$

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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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MajorD

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POG Vs US$

posted on Apr 21, 2011 11:16AM

Last October the POG was app $1,400 while the US$ was near 80. As of today we have $1,500 and 74. All in all, the real POG did not really increase in the last 6 months or so.

So given that Silver is now on steroids, we still haven't seen Gold really take off.

Many are saying that because Gold increased so much it's about to correct, au contraire, Gold has been accumulating / consolidating, which is quite bullish.

As Sinclair is saying "The 1979 style setup for a ballistic move in gold is setting up right now"