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Can you please list this choppy good data you speak of? I'll...

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spanishflare

2,579 Posts.

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28/09/16

18:23

Post #: 19486301
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Originally posted by Tradingmungbean ↑

Well ignore the context of the chart it tells a story of the past.

It is clear that the US data although a little choppy is pointing to a US interest rate rise after the election.

That will only mean an USD increase and gold to fall away. This can be seen by the profit taking pushing it down as it try's to push its way above 1350 to 1400. I can only see it range trade until we get a clear picture of impending interest rate rises.

Even George has taken some off the table,

http://www.forbes.com/sites/adamsar...-gold-why-investors-should-care/#3a332fad698b

The only saviour for Australian Gold Stocks is that the AUD will trend back as well.

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Can you please list this choppy good data you speak of?
I'll probably start buying some bank shares tomorrow?

Cheers,
SF
1 Upvote

0 Great analysis

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