RED 3.80% 38.0¢ red 5 limited

Another "reality check" - this gold price correction isn't yet...

  1. 2,352 Posts.
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    Another "reality check" - this gold price correction isn't yet complete - huge down day in US$POG - 1.74%
    GDXJ was down 5.16% and the4 GDX down 4.75%.
    The A$POG was 'only' 0.8% down due to the moderating effect of a weakening A$
    Will this latest move put a cap on RED and SLR euphoria ? What POG decline breaks gold miner sentiment ?
    There are numerous theories about whats behind the recent surge in the POG, with China CB buying most favoured - some suggest this is a prelude to n invasion of Taiwan .... while others are still blithely suggesting US$3000 is still likely ..... while the Paris Olympics carry on regardless ??

    https://hotcopper.com.au/data/attachments/6137/6137666-1c1f39ae3e8487053f48e7ef2fac4865.jpg
    https://hotcopper.com.au/data/attachments/6137/6137673-fc8fa660f9848d4c6e58e0b2aab2c85d.jpg
    Last edited by MIStragic: 01/05/24
 
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