"To back POG (and WAF) for the next little while imo is to believe DXY has topped and will correct from its high"
That might be true on very short time scales but remember gold companies aren't gold (or currencies) and gold isn't a gold company.
A gold company is a claim on the future fully de-risked value of its mined above ground gold resources. Here is WAF against the COMEX gold price over 1, 3, 5 and ~8 years (ie all its trading life). I think everyone will agree that WAF isn't the gold price and the gold price isn't WAF. People thinking that the gold price wags these companies tails are really missing the point about what investing in gold companies is all about. Throw away the gold price and concentrate on where each company is at in its own growth stage IMO. Esh
P.S. you could put the DXY or any currency up against the WAF chart and the result would be the same. They make no difference to the chart in the long run.
1YEAR
3YEARS
5YEARS
ALL ~8years
Why the sp struggle following pos announcements?, page-52
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