Probably conditioned, but does make sense for selling pressure to come after every run up in the POG due to profit-taking or risk management. Nevertheless, it’s been a pretty clear run up recently with no major pullbacks so maybe the market realises gold can easily go a lot higher from here, especially if the Ruskies and the Chinese are letting go of their USDs in favour of gold. Just for interest on the side, a friend of mine says China and the Democratic Republic of the Congo have very recently signed a military agreement. The western nations are being asked to leave throughout Africa and being replaced by Russian and Chinese interests. The world is changing and Gold’s value seems to be the only constant imo.
SPR Price at posting:
$1.37 Sentiment: Buy Disclosure: Held
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