Agree with a short/medium term breakout due, perhaps,, but in what direction?,, I don't think this chart is that conclusive,, yet. There's a few theories floating around. One is that the the global economy is heading in to an abyss, and that the only safe way to go is $ US ,, (which pushes the dollar up and then gold down).. But theres a few theories floating around.. thankfully. Whatever theory you vote for, in essence, it seems the global pundits are fixated on the US election, and Fed for the next month or two. In which case ,, ERM will have to earn its stripes in a sideways gold market leading up to Christmas.. All good by me.
ERM Price at posting:
15.5¢ Sentiment: Hold Disclosure: Held
