Isnt it strange that SLR is worse off today than yesterday even as the pog in AUD has gone up.
We are approaching a very critical juncture in the gold price imo, last night the us market was up strongly and USD gold weakened slightly as the US market came off from their highs gold attempted to break past 1400 USD. I think we need equity markets to weaken and we will see gold back well above 1400 USD. US markets are looking more and more like a top after yesterdays price action. This could be a positive for gold!
DYOR
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