All is good in the west. That is where I make most of my money.
I live in the hot, sweaty and soon to be monsoonal north.
Here is the guts of my email for the weekend with some macros.
Gold up over A$50 on Friday night.
Now around A$2,550. Here is a 2 year chart. Still seeing 12 month lows and shortfalls in capital raises for some juniors.
Going in the opposite direction to POG - risk off?
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The XGD has hit support and generated a short term buy signal.
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I have noticed some of the juniors are beginning to turn.
Some of the mid-caps have pulled back to support.
Here is RMS. From here it either breaks down or breaks out.
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And sentiment remains seriously low – below trend.
Will find out today how the market responds.
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Hope you find the info useful.
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Dusko Ljubojevic, MD
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