Thought it might be worth opening up a gold price thread. Current gold prices obviously have an impact on gold mining companies, so thought a thread tracking global and local trends would be worth discussing.
In the US and UK gold prices are recently below their 100 day moving averages which some analysts could indicate a down trend in gold prices below 1700 aud an ounce.
News from the US Wednesday their time is expected with an interest rate rise which will put downward pressure on Gold prices.
If you look at longer 2010 to now period gold prices are looking very healthy and continuing to trend up....
OGX Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
