Gold is a safe haven. Considering the behavior of the markets these months, a 30% temporary drop seems like very very good to me. Compare it with the performance of blue chips in the US (with the difference that these won’t trade at those levels in a few years, some of them may never see them again).
Add paper gold manipulation and the ridiculously high DXY and voilá. Gold suppressed. Fortunately this was due to finish, and it looks like you just sold in the turning point for gold. This has only started and next few months will see a complete financial system change. The only thing that has not changed is that banks, as in the past, are buying massive amounts of gold to prepare for the hit.
GLAH.
Best looking weekly chart, page-1163
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Last
$13.86 |
Change
0.570(4.29%) |
Mkt cap ! $15.92B | |||
| Open | High | Low | Value | Volume |
| $13.71 | $13.91 | $13.63 | $79.37M | 5.751M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 35544 | $13.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.86 | 28982 | 3 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| NST (ASX) Chart |