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Silver King

2,568 Posts.

247

28/07/20

16:38

Post #: 46131073
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Originally posted by JP.Sun: ↑

I don't expect anything significant coming out of FED meeting this week.

Clearly US 10y yield is bouncing back.
USD is on its way to recovering some loss as well.

All these as I mentioned in this thread and before point to a major pullback in price of gold.

My bet would be about $1750-1780 in coming weeks.
When everybody feels so setback in their confidence is the time for me to buy all my miners I shorted back.

Expand

It's better to have a major pullback otherwise the fatigue in the gold miners are gonna be persisting, reluctant to chase the gains of gold.

Value at posting: $1,391.7
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