I think Gold's move up is rather pitiful.
Considering it broke out of a triangle and is a "breakout", its performance is pretty ordinary.
An 18 month consolidation should have gold surging to new highs you would think.
It may do that yet but considering all the pent up buying, why is it not surging away.
Perhaps it is because of the massive long positions I suspect.
How may gold shorters are there? Name one.
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Last
8,668.2 |
Change
-89.000(1.02%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,757.1 | 8,757.1 | 8,648.4 |
| XJO (ASX) Chart |