The PMI data was almost immediately countered out by the rise in US residential construction data (up 1.5% in Feb and 7.6% in March) even though non-residential performed pretty badly. This current POG volatility seems to be all about the US dollar and the US economy. When it is as much about real world demand then we might see sustainable increases.
IMHO I'm worried that this POG spike is built on currency issues (YEN and US Dollar) and not on gold issues (as yet anyway)......
See the figures here http://www.census.gov/construction/c30/pdf/totsa.pdf
- Forums
- Commodities
- GOLD
- gold
gold, page-1308
- There are more pages in this discussion • 125,262 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GOLD (COMEX) to my watchlist
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
Previous Video
Next Video
SPONSORED BY The Market Online