GOLD 0.51% $1,391.7 gold futures

looking bullish for a push above $1100, page-2

  1. 3,267 Posts.
    It didn't get to the $1,100 level but the high was US$1,094, only $6 short of the $1,100, but otherwise pretty much flat lined around $1,085.

    The volatility suggests trading between $1,070 and $1,110 over the next two sessions, unless of course India or China buy the remaining 200m t of IMF gold on the market. If this occurs then $1,085 to $1,150.

    The purchase by India of the initial 200m t of IMF gold at market prices is a substantial/ significant gold event and signals a continuation of gold's bull run for some time to come.
 
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