key, interest rate went to 2.43 from a base of 2.36. I expected it would rise a bit more before falling back.
Gold moves in larger cycles than 2-3 years and any comparison down/up trend based on Junes POG is pointless at this base.. Gold is a commodity, not an equity.
I bought gold at ~1,276 two days ago. See what happens.
Ukraine and Iraq (plus Libya, Gaza, Syria and Armenia) all have the potential to erupt and increase the POG, oil and the USD. There's more to all of this than a few tops/bottoms connected by lines on a graph.
