Morning all. A bad night on the markets but the gold price failed to respond to safe haven status. Now not looking like it will make a new higher high over $1200 following latest lower low. Hard not to see PoG getting down to that $1000 level (as it is a bit of a magnet).
Just speculating at this stage but I'm guessing that the battle for the PoG will be fought over the US $1000 level. That is when PoG will really get volatile. We are gonna find out what an oz of gold is really worth?
PS: I wouldn't mind seeing a comparative commodities chart for last 5 yrs if anyone got one handy.
Happy Trades
Morning all. A bad night on the markets but the gold price...
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