LNY may breakout Soon..as NZ drilling starts with Newcrest JV.
1st Breakout ..Begins at .04
Major Breakout at .06c
Sentiment Remains Strong In Gold As Prices Hit 15-Month High
By Neils Christensen of ***** News
Friday April 29, 2016 12:13
(***** News) - After hitting a 15-month high, the gold market is ending the week and month with significant momentum, and strong sentiment could point to continued gains next week, according to the latest ***** News Wall Street Vs. Main Street Gold Survey.
After hitting a session high of $1,299 an ounce, gold prices are holding on to most of their gains Friday and are preparing to close the week with gains of more than 4.7%, their highest percentage move since early February.
With gold’s latest strength, there is strong optimism in the marketplace that prices could surprise $1,300.
Among retail investors, expectations remain strong that gold prices can continue to push higher.
This week 827 people participated in *****’s online gold survey.
Of those, 604 voters, or 73%, said they expect to see higher prices next week; at the same time, 130 people, or 16%, said they expect to see lower prices next week; and 93 people, or 11%, are neutral on the market.
Sentiment is relatively unchanged from the previous survey, when 72% were bullish on pric
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