amb005
Gold wasn't "smashed" last night, it was an attempt by the "Plunge Protection Team" (PPT) to shore-up the Greenback and US stockmarket. They can't afford for gold to appear as a safe haven right now; uncertainty must prevail in the gold price, or the US is screwed. When the oil bubble pops at around $US148 they want that money rushing into stocks, NOT gold; but I think they're out of luck :-)
Gold actually made a bullish bounce off the upper border of its falling wedge at $US885 - a good sign.
The PPT will probably have another go tonight at the Nymex open, but they will fail in my opinion. Once gold breaks above $US910 then we are on our way.
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Last
$1.76 |
Change
-0.050(2.76%) |
Mkt cap ! $214.8M | |||
| Open | High | Low | Value | Volume |
| $1.76 | $1.76 | $1.75 | $3.328K | 1.892K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5218 | $1.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.85 | 3000 | 1 |
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| Last trade - 16.10pm 07/08/2025 (20 minute delay) ? |
| LGL (ASX) Chart |