Goodone - Gold was doing just fine before QE was even heard of . No reason why this can't continue .
Expectations are that the FED may try and taper QE but it won't last long . Economic data is still very weak .
Much of this is already factored into the gold price . I think we are now seeing a reversal of the anti gold trade . Shorts are covering and new longs coming in . The same greedy speculative forces that pushed gold lower are now pushing it higher again.
$1550 is a real target before years end imo .
Looking at gold stocks , it seems that the buyers may have finally returned . AMX is still way behind on the corrective bounce higher compared to other golds . Much further to go imo . Sellers can't sell forever and buyers are gathering .
Load up under 18c imo
I
chart breakout !!! sellers are thining.., page-27
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Last
33.5¢ |
Change
-0.005(1.47%) |
Mkt cap ! $31.82M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.0¢ | 33.5¢ | $4.585K | 13.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1898 | 33.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.0¢ | 21423 | 1 |
View Market Depth
| Last trade - 12.59pm 16/08/2024 (20 minute delay) ? |
| AMX (ASX) Chart |