Gap up today I reckon (DYOR):
"If the BOJ and the ECB run out of steam we may witness a serious leg down in the USD, meaning we’ll see an equally robust rally in Gold and Silver prices. In the meantime, propping up the USD means that the Australian Dollar strength is being kept at bay (for now).
Over the next few weeks there are some notable events that may cement this precious metals rally:
http://www.chamberofmerchants.com.au/gold-silver-continue-rally/
- Chinese Currency inclusion in the IMF SDR (Google it) – this happens October
- US Elections – If Donald Trump leads in the polls, the US Dollar will continue to decline (Many reasons)
- Volatility in the markets is usually accompanied by increased safe haven asset purchases (which includes Gold and the Yen ..ouch!)"
Gap up today I reckon (DYOR): "If the BOJ and the ECB run out of...
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