GREY:SGGDF - Post by User
Post by
snowtigerrron Jul 03, 2017 9:16pm
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Post# 26430449
CAD Gold $1590
CAD Gold $1590CAD gold gave back >50% of its gains since January ($1500/oz) from June ($1750/oz) to July ($1590/oz). CAD $ has been strengthening on potential BoC rate hike, but CAD gold could also bounce since rate hikes have been historically bullish for gold prices (inflation hedge). Support around this level on any 2-5 yr chart, let's see what happens.