Big drop in commodities Overnight including gold, offset a bit by drop of 1% in AUD, but could be some more short term pain to come. Maybe test of the 52 week low could be a good place to buy? Gold will continue to be under pressure until USFed backs off. IMO they will go hard in August, maybe even 100 basis points, then pause in September and maybe even start easing in Oct/Nov. US mid terms are very important this year and they will want to engineer a rally. So still some pain, patience required but hopefully bull market should continue at end of the year. IMO, DYOR.
RRL Price at posting:
$1.61 Sentiment: Hold Disclosure: Not Held
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