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$4.69 saracen mineral holdings limited

Market is pricing in a trade deal.Watch this deal come apart in...

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6,259 Posts.

2955

08/11/19

16:11

Post #: 41325459
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Originally posted by roka: ↑

Biggest attack on the Gold market in history last night. Banks dropped Gold below critical support at US$1465. They beat the Hedge Funds who were trying to drive it above $1520 and ignite a short squeeze. Lost the battle and now Gold likely to head back down to the consolidation zone at $1426-$1383 from July. Will then be a good buying opportunity as the Banks go Long. I am expecting $1600-1700 by Autumn. Any trader type will be bailing today, hence the oversized price moves.

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Market is pricing in a trade deal.
Watch this deal come apart in December and people will be wishing they bought more today.

SAR Price at posting: $3.41 Sentiment: Hold Disclosure: Held
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0 Great analysis

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