Well, well - gold futures at least have broken out of multi year bear market into a bull market.
BEAR< 1511.76 > BULL 20% off closing high 1889.70)
target discussed a while ago has been reached by futures gold contracts, spot still remains below
Pretty positive, its been a while, its was great move in 2011 as it went up through this level, and savage as it fell back in 2013 and took quite some time to wash out around the 1050 level.
It seems like a monster move but in reality its taken years to get back here.
Anyway, enough of that observation, will be better imo once smokey da bear is dead on spot but the battle isn't over, smokey has been in charge for quite a few years but he look to be about to get pummelled.
buying the dips - see what happens over the next few weeks
On other news, pog AUD stays high and oil smashed - margin expansion - good for local producers imo
