I agree with your price Chef. I was trying for 24 (missed it yesterday) but personally wouldn't be too concerned with entry point @ .5c-1c difference @ present. Too close to production! I may just pay the 25c myself today. I hate getting into a stock @ higher price when it was bought lower only yesterday & up only over the past few days. This time may be different though?
The US POG is tailing anything the Fed says @ this point in time & the only thing keeping it in the range where it now sits.
Following the FOMC statement out today (Yesterday in the US) financialists see the US economy stagnating for months. This anonymous view has only bolstered golds price hold above 1200. No one expects rates to rise in June now so, Sept is the next date being entertained. Winter months were crap so, now they look to a revival of sorts in the summer months. But, this may turn out to be a no show too! Even the resilient US dollar (a laugh I know but this is what triggers a rise/fall in pog) is weaker @ present with a call for the Fed to do something to weaken it so it will help with the other 2 biggest economies to trade with the US.
This is what I consider now especially with ABU since production is just around the corner. I was awaiting POG to dip then enter but, sp is pretty stuck
My take is that if you wait to save a cent (which could be a lot depending on what parcel you have to through @ ABU) you may be waiting a few weeks for US POG to dip "enough" for it to allow a lower sp. It may even rise on this lowered economic forecast from the FOMC meeting. Basically, it may dip & you get in cheaper but, when do you expect the next announcement on progress? If you believe it's weeks away you may get lucky but, if it is say a week away only. Then you run the risk of being out on more positive news......
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0 | 0 | 0.000 |
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Price($) | Vol. | No. |
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