Gold manipulated
posted on
Mar 09, 2012 08:13AM
Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE
A little article by a trader that thinks the POG was manipulated again a few days ago on the huge dip. Maybe if the manipulation, if present was taken out of the market, the POG would be over $2000 now. If the POG would have been up to the $2500 range now, a lot of juniors would have much higher sp,s , plus, a lot of moves would have been put on the more promising ones. Things are changing, and near surface gold deposits of any size, are hard to find. I believe a significant rise in the POG could start a "feeding frenzy" by the majors, as they stumble to compete and outdo their rivals by gathering the most easiest to get at reserves first. We have 3 different gold projects in Peru, 2 which have potential to become world class. IMO, this is huge potential, whereas only one in ten thousand explorers ever find 1 world class gold deposit.
We may have a ways to go here yet, but if we have what a major wants, he will try to get it.
http://www.kitco.com/ind/Bevan/20120305.html
IMO