Gold price, page-132

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monkeybusiness

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18/04/16

20:30

Post #: 17536167
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Originally posted by sydney ↑

Hi We9smia,
If you read one of my previous posts where I said : judged by the performance of BDR and other Goldie stocks, I would expect gold price to rise and revisit $1253 level and currently we are smooth sailing As per V.

What I am trying to work out is why DOW future is gaining momentum from 100 plus in the red to only 29 in the red.
The big players were expecting a deal on oil freeze and took huge position. My conspiracy theory tells me that the future will reverse back in the deep red when the big players off load their shares after the opening of USA market.
The other possibility is the market interpreted the failure of Doha meeting as positive, because the Fed will not dare to raise interest rate at their meeting end of the month.

I favour the first scenario, but either way, gold will outperform tonight.

Now sit back , relax and enjoy the green scene on the chart.

Cheers,

Sydney

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don't think there's much market rational anymore, all being held together by sticky tape - and it gets stretched!

bought back in today @V* (should have sat on my hands - the parcel l sold lol) today & possibly won't look till the morning.

At this time in the calendar year gold should be heading south, yet have a feeling that most punters are feeling its such an uncertain environment!

hag night all

BDR Price at posting: 32.0¢ Sentiment: None Disclosure: Held
5 Upvote

0 Great analysis

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Gold price, page-132

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