Why the recent drop in the POG?

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Kherson

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Why the recent drop in the POG?

posted on Jun 29, 2013 01:54PM

As we all know, the POG has been and certainly still is being manipulated. I firmly believe that the following link explains why. Keep in mind that most of the gold and silver that will be coming off Pascua Lama, has already been sold. Barrick has to either physically deliver the metal from it's mines or buy it on the open market. I am half expecting a violent move up in the POG within the next two weeks...

Pay close attention to the last two paragraphs of the Globe and Mail article: http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/barrick-may-take-55-billion-charge-on-pascua-lama-delay/article12897780/