Share
5,536 Posts.
lightbulb Created with Sketch. 153
clock Created with Sketch.
18/05/15
14:28
Share
Originally posted by All4One
↑
1For
Yes realestate figures, the Gold price is tied to so many different influences and after all the interest rate is certainly influenced by the property market given the big four have most of their business in the property market. The mortgage industry is not growing like it was for the banks and at the moment lots of things are influencing POG from US/Australian figures to interest rates driven by the property market. Then there is China. The banks are still sinking slowly for several reasons one being the requirement to keep more liquidity for reserves.
Anything in finance these days seems to be affecting the POG. It is like throwing a stone in a pond and watching the effect.
Very interesting time.
Expand
In recent times gold has been ignoring figures of greater macroeconomic importance when negative and reacting to lesser positive figures with a disproportionately large bias. Trading volume on comex will be of great interest as will number of shorts come the end of this trading week.