she deserves a rest she's tired of dancing and needs to rest up for her november dance. In the meantime good chance to pick up small parcels on any weakness to add to your core, still fishing for more.
POG sliding last two days to its 750 - 755 pivot range, 750.1 pivotal point IMO. All smoke and mirrors look at teh global macro drivers and all point to a precious metal boom a few points for thought.
* US drop rates will lead to a temporarily stimulus to the economy it will just add fuel to inflation and will be a backward step to the depleted US economy and hence POG increases
* War on Iran hostilities increasing POG to increase
* Labour government stuff up economy will lead to a lower dollar and as POG is against US gold stock local value of gold/PM stocks o increase
* Interest rate rises in our economy to stem infaltion.
just a few macro elemenst at play which reinforces the PM boom. Pivotal point is the 850 POG, this is only from a all time high perspective the figure does not have much significance as the inflation adjusted figure is 2000+.
H
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