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Ophir

11,173 Posts.

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29/09/16

07:45

Post #: 19494737
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Originally posted by slange ↑

Overnight US gold stocks rejected the artificial heavily capped gold price as it is moved into position for options expiry.
The capping will probably continue into Octobers NFP.
There is no Fed meeting in October.
Funnily enough the next meeting is scheduled for November 1-2 just before the election.
Should be a ripper.
They are probably going to cap this thing into the election so gold stocks may well move independently from the gold price.

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Nice finish to the golds in NY & silver price despite weak gold.

HUI +2.5% GDX +2.5% GDXJ +3.5% NUGT +6% DUST -7%

Good goldminers are money-making machines ...
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0 Great analysis

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