It's not the best. Read a bit on Elliot Wave today, squinting, can see a bit in that graph, and its started wave C down.
Would think physical demand is still strong though, particularly with China. They had a Gold mine capital raising over there yesterday and it was oversubscribed by something like 20 times,
http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSSHA27960220080418
1.43B US allocated from 350B US oversubscription!
350B, that's getting close to 10% value of all Gold ever mined!
Doesn't sound right to me, so yet to check other sources.
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