gold will bounce alittle which is normal but commodities are falling all over the place, so Gold the reflection of rising commodities prices will go with it, the wild ETF speculation is unwinding and these things dont just happen overnight,,,falls will cause many to stay away so expecting gold to retrace to 1400 near term...
Story of falling dollar doesnt wash with me at all, falling dollar is due to the fact that GDP in many places was not as expected and manufacturing and activity is clearly slowing so looking forward the highs have been put in...
Plenty of time to get out on these pops IMO,,,Gold and markets will go lower, potentially back to last low of 35.10 as Gold unwinds
NCM Price at posting:
$39.45 Sentiment: Sell Disclosure: Held
