sorry boys (and girls) but looks like we might have to endure a bit more pain before gain.
German PPI YOY -0.9% lower than expected, should actually be making Draghi very nervous of deflationary pressures, but the gold seems to pick on every news item and reads it as negative for the price at the moment.
I just get this overwhelming feeling that the shorts have got this market and want to push it lower. Of course that is exactly the feeling one should have before buying the "beast that is gold"!!
sentiment "BUY" but with major levels of nervousness....!
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