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9,759 Posts.
3461
06/03/15
22:39
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most of you appear to be commenting about a move of $7 in gold - when the usd has just temporarily jumped vs Euro (euro down to 1.09)
clearly you have no idea whats going on if you are interpreting it as either positive or negative for gold
people trying to make structural comments about gold trend based on $10 range moves are delusional.
whats actually odd is how little volatility there is in gold atm. when its actively focus of bears vs bulls the range is usually $20-40
nothing wrong with continuing to bang on about the old head and shoulder trend if you still think thats intact
though id say that argument is well understood so i dont know why you bother