Gold is very overbought atm 14 day RSI now at 76 - don't know if i agree with everything ABARE says, in particular when gold production in Australia is falling and gold explorers are recieveing no subsudies from the government. there has been alot of gold accumulated by the euro, russia, japan and china over the past 12 months and I can not see them selling in a hurry. Buying the dips will be fun as we move forward imo - just like the tech boom days.
roll on the boomages..
Gold is very overbought atm 14 day RSI now at 76 - don't know if...
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