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$1,391.7 gold futures

Sorry, correction, I wouldn't be surprised to see gold under...

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T2000

493 Posts.

23/08/16

13:17

Post #: 18609564
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Originally posted by T2000 ↑

Bigger issue than which company ATM I believe is pog. I don't believe it will be allowed to go anywhere until after the US election. Seen it bashed down countless times in the last fortnight, not allowed to close above 1350 us. Yellen will jawbone a rate increase in the Jackson Hole speech Thursday, possibly for December, they will try to convince electorate that the economy is rosy and picking up. Once election is over gold should be back off the leash. Wildcard is the derivative exposure by big banks, massive house of cards ready to collapse. If Deuchbank falls it will be crisis time. Matter of if not when. All goldies are under pressure from now until election. I wouldn't be surprised to see gold under 1200, nst with a 3 in front of it. Should be a good buying opp. I have liquidated all my positions, happy to sit on the sidelines for now. Of course, all imo.

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Sorry, correction, I wouldn't be surprised to see gold under 1300 us, not 1200.
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