I personally like looking at correlations of past movements in Gold with events such as rate rises or other FED influences that can effect Gold.
Like i stated i had purchased BDR for 13c and sold for 32.5c.... protecting profits was a must.
I think we could go sideways for a while now but i have faith that it will rise again end of June start of July. Gold doesn't rise $200 USD for nothing, to me it states the USD is weaker regardless of what USDX is showing because it is in a basket with other currencies which are actually weaker than the USD.
Weaker US economy....
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