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Agree but good to see the POG over $AU3K oz. Profitability of...

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ASXRod

28 Posts.

12

09/09/23

11:24

Post #: 69794933
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Originally posted by slange: ↑

A look at the 5 minute on yesterdays action with the same game with heavily induced volatility around the usual early US trading as gold is once again restricted between $1900-$1930

Daily on the game

GDX with a spurt higher before being brought back down due to the falling gold price

Silver with a lower close without a lower low as Stochs move more into oversold..

US Dollar with a slightly higher close without a higher high with techs very elevated.

US Dollar on the weekly as it marches through its 50 week

US Crude as consolidated action takes place. Techs very elevated.

A weekly on US Crude as the break out continues.
The US Banksters create the paper supply and weaponize the dollar as oil producers cut physical supply to pump the price. Just don't look like the Banksters are doing too well man.

Aussie gold looking good

So looking at the past week and we have had some corrective and consolidated activity throughout the broader game but no fireworks as yet. So we shall see what gives next week.
Another week in the rigged casino gone by and another one coming up next week.

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Agree but good to see the POG over $AU3K oz. Profitability of most AU gold mines is looking very positive despite higher costs.
Also positive for the next generation of producers, eg Rox Resources RXL has used $AU 2450 oz Au in its Scoping Study.
The POG is the strongest driver of free cash flow in the industry.
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0 Great analysis

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