GOLD 0.51% $1,391.7 gold futures

Looks like a start, now below last years opening price with new...

  1. 13,036 Posts.
    lightbulb Created with Sketch. 2696
    Looks like a start, now below last years opening price with new low put in last two week, looking for a test of the resent low before year end,,,,,,,

    was as reading one article from cnbc in which a gold vendor said his Swiss clients had increased their gold purchasing 60 pc over and above their nornmal purchases in nov ahead if their referendum , surely people haven't really been loading up like the old Scotland vote? Are there really that many suckers?

    Wow, Dax makes it 12 from 12 to the upside

    More inflation data down thanks to oil, pog aud down hard, poor ol ncm hedge some oil at 118 and it now holding 36 pc unprofitable production, was 965 on Monday and by we'd 1106, that will be reversed as brutally as it came

    gold inflation hedge theory toast
    gold market insurance toast
    gold usd to collapse sales pitch toast
    gold miner recovered going to pay off debts and pay dividends theory, shredded
    by gold to protect against banking system collapse theory, toast

    basically the sector remains seriously overvalued and will be toast unless we see some magic, lots of magic , and very very soooooooon

    in summary, toast
 
watchlist Created with Sketch. Add GOLD (COMEX) to my watchlist
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.