"Maybe a much better market for a while starting Monday now that end of June has passed and Europe is seen to be doing something.
Gold up to 1569. "
...and now up to $1598. That jump in Japan on Thursday that I thought might have been an early indicator served me well on my short term trades.
I don't know if it was a fluke or not considering Thursday night in Europe/US did not back it up, but the reaction on Friday night in Europe was impressive.
Looks like the markets are interested in risk again.
Not only did markets rally hard, along with a big rally in POG, but Spanish and Italian bond yields fell very hard. All this indicating quite a strong shift of sentiment over a short period.
Hopefully enough to last at least weeks.
The good thing from a gold sector perspective is no QE3 was needed to push gold up and the US still has it waiting for when its needed- and I'm expecting it will be needed sooner or later.
Very good back drop now to start getting some of our assays from the labs.
We have a massive backlog now.
It would be good to see our sp back in the 4's before we get any results.
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