Rigged or not rigged, manipulated or not manipulated, fundamentals or not, the market still has done what it has done through highs and lows and still nothing is different to what it was 5 years ago when I first started following the gold market. I've read a lot about the blatant rigging and manipulation and the many many fundamental reasons why things should have happened or be about to happen but it's been of no value at all to me. The only thing that appears to give any indication of having slightly reliable predicative capability is sentiment. This market seems very strongly sentiment driven. The up tick in gold was going to happen after such a fall, but the possibility of a further fall is pretty high and that is when I am looking to get back into MOY. Really am hoping that will mark an actual bottom.
MOY Price at posting:
19.5¢ Sentiment: None Disclosure: Not Held