Same rubbish overnight as Jumbo and its cohorts smack gold back down to the $1900 level again but appear to be very careful in not pushing gold too low.
Same situation with gold indices although volume is rising.
Looking at the gold indices on the weekly and we have a descending flag pattern. A close above 60 on the gdxj would be a bullish signal and its not too big of an ask.
The bigger Aussie golds are underperforming their US counterparts which is nothing unusual and are moving into or towards oversold territory.
The time to buy is when everybody hates the sector and we are getting there.
$AUD gold a not too shabby $2677
Gold silver ratio sits at 77
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