POG off but much firmer dollar overnight on Fed minutes - wonder if any shorts will be considering new positions at the moment?
Gold May Rally to $1,400 as Trump, Brexit Multiply Global Risks
Gold has soared in the opening months of 2016 as investors second-guess a wary Federal Reserve. A thicket of risks from the U.K.’s Brexit vote next month to the U.S. presidential election may lift prices even further by year-end, according to Denmark’s Saxo Bank A/S.
Personally I think POG will take care of itself, the recent uptrend relentless IMO, despite normal fluctuations.
The X factor is the crashing AUD and USD strength. AUD POG is heading for all time record highs this year without a shadow of a doubt.
RRL Price at posting:
$3.20 Sentiment: Buy Disclosure: Held
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