Let's remember - oil price is still over $99, the dollar is still expected to be weak in coming months, growth in the US is being downgraded it seems weekly, and its the focus of the Fed so more interest rate cuts to come. Physical buyers waiting for it to come down to the $920-$930 range, but last week they were waiting for the $885-900 range. South African mine problems and a long history of IMF selling gold that has seen the price always go up afterwards.
It can only go up now - yes bulls stop to drink water/take profits, but they then come back to the run. Worth holding amongst all this crisis financially IMO.
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Let's remember - oil price is still over $99, the dollar is...
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