expected USD comeback putting short term pressure on POG plus market weakness.
Chart support at about 21c although good depth at 23c. All short term IMO, POG needs a consolidation before pushing on. Expect the fed to signal more lending rate cuts perhaps Nov/Dec will put the skids on the dollar and put POG on near $800. What we need is for gold gains to outstrip usd to aud cross and translate to real addition in ground value.
At the moment gold in AUD is being dampened by USD slump againt all currencies.
IGR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
