Australia's largest stock trading and investment forum Australia's #1 stock forum

GOLD

Click for more information

0.51%

$1,391.7 gold futures

gold, page-1534

First 1534 Last

Share
Profile

Follow
AverageJoe

41,152 Posts.

1007

04/05/16

20:50

Post #: 17679001
Share

Originally posted by Ece411 ↑

With every major market down today in Europe and Asia at the moment and the US down on the pre-open how could Gold do down??
What I see in these large inexplicable daily shifts is that the POG is somewhat disconnnected from market fundamentals like the state of stocks (market indices) and the overall health of the global economy.

It seems to be all about the state of US dollar at this point. Now I don't know whether there is a conspiracy to fix POG. And the conspiracists, if they exist, could not stop the run to $US1300 so they are not in full control.

But I DO think that the market will eventually find a way to accurately reflect financial and economic realities, despite the increasingly ineffective efforts of Central Bankers. Well that's what I think anyway...

Expand

With every major market down today in Europe and Asia at the moment and the US down on the pre-open how could Gold do down??

-----------------------------------

Profit taking?
2 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 124,922 more messages in this thread...

First 1534 Last

Add GOLD (COMEX) to my watchlist