I am a bit surprised that the PoG has not risen ahead of the Swiss vote. The last few weeks have demonstrated there is a support around $US1180 so it looks like a low risk bet overall. For the last 3 days gold has traded in a fairly restrained band ..... it is starting to look, to my eyes, that would constitute a consolidation phase, in the event of a yes vote, for the price to have a bit of a run.
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Is Gold about to bounce?, page-571
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