St. Elias Mines

Welcome To the St. Elias Mines HUB On AGORACOM Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company

Home Videos Research Press Release Q&A Discussion

Threads Posts

Why the recent drop in the POG?

St. Elias Mines

about 11 years ago

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/

Kherson