GOLD 0.51% $1,391.7 gold futures

Gold pattern pointing up, page-1169

  1. 721 Posts.
    I agree that the weaker USD is having an effect on the Gold price, the DXY shot up hugely last and this year and has gradually deflated - Bill Gross picked that one out (I think I might have done it before him):

    http://www.bloomberg.com/news/artic...ns-footing-with-bet-dollar-s-rally-won-t-last

    China - is rebalancing and it will take time - hence selling down their US treasuries and perhaps another country taking over. Personally, I think this will still be good for commodities as a whole:

    Asia - I think the possible trade agreements will be good for Asia and we could hopefully see some commodity buying (good for Australia) for infrastructure developments - needed in India and Indonesia and elsewhere - Also the populous are Gold buyers! Hefty gold buyers...

    Greece? Will there be any contagion and how will that affect the bond markets? Still the same, still worried.
 
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