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$1,391.7 gold futures

LOL another losing trade for you then Who! You're a really good...

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gozinsa

4,000 Posts.

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16/10/19

08:58

Post #: 40901318
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Originally posted by Dr.Who: ↑

Skol, gold and the mining sector is coming under increasing pressure. It is to be expected, a regression to the mean is the likely outcome - the mean around 4%pa.

I can see it drift to the bottom of the trading range 1360. The trading range boundaries increase in time along with inflation. We now have 1360 - 1570.

Gold trades like an illusionist performing on stage. It appears to be doing one thing (consolidating) while it slowly creeps lower and lower.

Gravity is weighing on gold. Gold lower for me!

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LOL another losing trade for you then Who! You're a really good short term contrarian signal. Not to worry, there's plenty of reasons for Gold to continue it's stellar run for the year.
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0 Great analysis

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