And it came to pass last night, briefly touching $1308 before settling at $1303. All on US$ index weakness of course.
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And it came to pass last night, briefly touching $1308 before settling at $1303. All on US$ index weakness of course.
I like the way your thinking JBmurc, I'm hoping for the usual slam down though as I need to top up on miners and more physical then to the moon thank you.
Gold (USD) on fire. This leg up from the 13th Dec is almost starting to look parabolic.
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Hi Peat, you are right it has gone too quickly too fast. I would like to see a correction soon but I think that the long term trend is up.
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The major driver for POG is the falling US$ index. It has just slipped down past the psychologically important 90 mark.
Yesterday at Davos US Treasury Secretary Steven Mnuchin said that he welcomed a weaker US$. That of course put further downward pressure on the dollar index. Down a further 1% overnight. All positive for gold,silver and other metals.
One of the best Bull runs in USD Gold I've seen for some time..Glad to have my PM positions >>
GOR up from sitting around 70c going nowhere to a close at 84c yesterday.
Awaiting the PoS to catch up....