If you follow markets though FVR13 you would know that the only reason this shake out has occurred is because of Fed Reserve members like William Dudley.
Federal Reserve members should not be able to press release 'jittery' information as they only cause unnecessary volatility. It is the FOMC's collective opinion that matters and a single member should not be able to rattle markets based on his own view.
That is just my opinion.
The captain (Yellen) has an important speech at midnight AEST today and that will dictate the short term gold price.
I think she will come out dovish. The markets are bracing themselves but I think I know the way to Yellen's heart and that is inflation which currently does not exist in the US.
The gold price will do its own thing but the long term fundamentals are there.
I think you are gripping at straws a little bit here with PGO.
PGO Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
