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Gold price did us no favours again last night, currently trading...

  1. Zia
    4,184 Posts.
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    28/01/11
    07:44
    Post #: 7800765
    Gold price did us no favours again last night, currently trading @ $1311, looks like the 100dma might have failed, could be heading to $1250 in the days ahead. Drop believed to be from ETF trading and money going from gold to higher risk investments because of more optimistic outlook for the US.

    I still think there are good margins for SBL even @ $1250oz so hopefully we will weather the storm.

    The gold story is far from over too, still a lot of risk with Euro/$US.

    Good luck all
    SBL Price at posting: 2.9¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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