XJO - Bear Posts only (Factors which might cause the markets to fall), page-4103

Correct with energy costs detracting from profit margins on Goldie's.

Hard to be an energy bull and gold bull together.

Fed confirming rate hikes has obviously put upward pressure on DXY which inversely correlated with gold.

Along with many interest bearing instruments now becoming competition for gold investors to spread their money.

Also hard to be DXY bull and gold bull together.

This relationship isn't always at odds with each other however near term I prefer DXYs chances of moving higher to golds chances.

NST looks to be playing similar divvy games as we've just seen with BHP.

$1711 level on gold is VERY important.

If that gets recaptured I'll start looking harder at gold but if not then I think Goldie's got a bit of pain ahead...