The US POG chart is looking more stable now than after the last rise in Feb. In three weeks it dropped from $980 to under $900. We are now in Week 5 after the most recent spike in Gold and it's still above $920. So I would not say it's getting hammered.
To me this signals that the next rise in POG should go above $1000. So for SGX...it's the perfect time to accumulate now for a nice payoff when GOLD rises again.
Now is pretty much about the time I expected it to test it's lows - 2nd week of July. If POG follows a similar pattern as before then October is looking good for GOLD.
My opinion only of course.
The US POG chart is looking more stable now than after the last...
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