AK,
Yep you sure get sick of the "capped price" and Armageddon scenarios. Buddy slange says if gold goes up it's 'uninterfered' with, but if it goes down it's 'attacked'. lol
In the meantime gold has gone up a few % in the last week but SPDR GLD inventory and HUI have dropped, so it's probably a temporary phenomenon. The'vomiting camel' is still alive and well.
Traders predict that the USD will resume its way north shortly and I reckon there'll be some good economic news in the next few weeks.
From Bloomberg:
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Gold is being neglected since everyone is waiting for news on the timing of the rate hike, and also as equities are doing so well,” Lance Roberts, who helps oversee $600 million as chief strategist for STA Wealth Management in Houston, said in a telephone interview. “There is very little interest since people don’t see the need to hedge against inflation or any fear.”
