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$1,391.7 gold futures

The gold plunge continues, page-1068

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sergeant

6,141 Posts.

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31/10/14

11:02

Post #: 14214301
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Originally posted by Daytr ↑

Last time we were down toward these levels, admittedly not that long ago, gold didn't even touch $1180 support & it bounced $70. We now have US equity markets closing in on record levels, again & everyone is talking doom & gloom for gold & the Chinese & Indians are lapping it up.

So I think we have a rinse & repeat.
US equities again correct like they have been doing for the last 4 months & gold bounces, but not before the Chinese & Indians have a fair lick at the cheap gold on offer.

As soon as everyone starts to jump up & down on gold's grave I start to get excited.
Went long gold equities yesterday & caught a good bounce & should have cashed in to be back in on today's fall, however give it a week or two & I think they & gold will be a lot higher again.
May pick up some more this arvo if we see some Friday arvo selling.

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I'm looking for a monday open washout to pick up some goldies for a trade...
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