News: RSG Resolute Mining receives approval for Ravenswood Expansion Project, page-25

Hi Guys,


Never seen a gold price drop in such a controlled fashion. No steep decline but rather an irritating
7-10 dollars everyday...step by step.
Are these markets controlled....managed....we will never know.

I also don't understand why the gold market fears rate hike so much.....From 2001 to 2007...rates were going higher....gold was going higher with it. My understanding is higher rates means higher inflation, hence higher gold price. When rates are higher, money doesn't go as much into stocks and speculation, rather goes to hard assets. Then what do I know!!!! We are living in strange times.
Snapchat ......declared loss for last year and have also mentioned of the possibility that they could never make any money, yet is valued at US$ 50 billion+, that is worth as much as half of the gold mining sector in the whole world.

Anyway I have attached a chart from a technical analyst I follow very closely. Not that it matters to anybody, as when people panic, sentiment is in the gutter, they sell first and look at the charts later, if they still have the courage to look at it.




NFP jobs report tonight.

All the best.