The down trend in gold now appears decisively broken. It looks like a bottom has formed and an upward movement, if hesitant, is underway. Shorters are covering The money supply in the USA is still expanding so fast that it might have to be renamed the United States of Zimbabwe if they keep it up. Feel a lot more comfortable going long gold now than when it was $1750 US an oz. After all you cant print gold even with a 3d printer. MLX have been getting about $1400 oz for sold gold, well enough ahead of costs at last report. The extreme pressure on labour costs in WA mining must be history now, but diesel prices arent easing. Yep, think al;so the report in a few weeks will be a good read.
MLX Price at posting:
16.5¢ Sentiment: LT Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)