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AverageJoe

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04/05/16

20:50

Post #: 17679001
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Originally posted by Ece411 ↑

With every major market down today in Europe and Asia at the moment and the US down on the pre-open how could Gold do down??
What I see in these large inexplicable daily shifts is that the POG is somewhat disconnnected from market fundamentals like the state of stocks (market indices) and the overall health of the global economy.

It seems to be all about the state of US dollar at this point. Now I don't know whether there is a conspiracy to fix POG. And the conspiracists, if they exist, could not stop the run to $US1300 so they are not in full control.

But I DO think that the market will eventually find a way to accurately reflect financial and economic realities, despite the increasingly ineffective efforts of Central Bankers. Well that's what I think anyway...

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With every major market down today in Europe and Asia at the moment and the US down on the pre-open how could Gold do down??

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Profit taking?
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gold, page-1534

Top Stories

ASX Market Close: Iron awe keeps the XJO tracking along

Trigg brings famed Finnish metals refiner – and its tech – onboard to bolster antimony processing

Telix sinks as US regulator SEC issues subpoena over claims

Japan tariff deal inked at 15% – as long as US gets half a trillion of investment

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

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