There is a foreign exchange gain not a gold price rise
The US goal is not to revalue its currency, but slow the economy and inflation. When countries raise rates with the US then that foreign exchange gain will evaporate very quickly. Currency will climb as world banks raise rates against the U.S.
Next gold correction in 10 Days.
The US is going to raise rates between 75 and 100 points, this will cause the gold price to retreat faster than the foreign exchange gain. It could take $100 to $150 off the gold price.
market revaluation 75 cents., page-93
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Last
$2.15 |
Change
-0.030(1.38%) |
Mkt cap ! $2.468B | |||
| Open | High | Low | Value | Volume |
| $2.20 | $2.22 | $2.15 | $6.089M | 2.808M |
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| No. | Vol. | Price($) |
|---|---|---|
| 11 | 143048 | $2.14 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.16 | 32436 | 3 |
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| RMS (ASX) Chart |