gold, page-71614

Gold's reaction or lack of a reaction to the virus temporarily shutting down parts of the economy is quite telling. Following unprecedented support for people, jobs and businesses it seems gold traders are coming to the realisation that long gold is a risky trade. The 'do what it takes' will flow on to company profits next year on the back of getting back to work in a few months time. Low risk, high returns on stock markets today, money will flow there soon, in my opinion.

I would not be buying gold at this time. At 1360 I might consider a trade in gold. Aussie miners doing okay due to the $A but looking to exit those using an indicator I have developed. It is in trial mode but it looks very promising.