13.04.2012. 12:19 CET
COMM: GOLD :
I have red such explanation of this recnt move up to 1679 ( Not 1780):
- acceptable auction results from Italy , positive psychology in China overnight, supportive US corporate news flow, decline in South African gold output etc, all this is good but again do you see any agressive purchase except sharp speculative moves?
Predictions of next week rally are far too far....gold is performing its move down although creates some fasinating moves up...in fact goes down. We still wait for the bottom of the right leg, where is it?
Only passing 1680-1708 will give a hope for a rally. Personnaly I doubt although was thinking about new wave..but it is not coming.
I have red such explanation of this recnt move up to 1679 ( Not 1780):
- acceptable auction results from Italy , positive psychology in China overnight, supportive US corporate news flow, decline in South African gold output etc, all this is good but again do you see any agressive purchase except sharp speculative moves?
Predictions of next week rally are far too far....gold is performing its move down although creates some fasinating moves up...in fact goes down. We still wait for the bottom of the right leg, where is it?
Only passing 1680-1708 will give a hope for a rally. Personnaly I doubt although was thinking about new wave..but it is not coming.
