OTCPK:INMNF - Post by User
Post by
goldopportunityon Sep 22, 2014 10:03pm
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Post# 22960773
Today's high in the us$ matched a multi-year high.....
Today's high in the us$ matched a multi-year high.....and it would appear that the us$ is about to correct downwards, as it now will be hitting against very solid resistance. Conversely, this will mean that gold and gold indices/stox will begin to correct upwards. Now there still could be some drama, but for the most part I think we should see the gold instruments start to move up in the next few days.
As for icg, the exchange rate may determine tomorrow's price. The u.s. sp today was down us$0.04 to close at the session low of us$0.2099, but the currency exchange rate actually reflected a C$0.230 sp. This perhaps explained why leading into today's close the cdn mms substantially increased their surface C$0.220 bids . But if tomorrow's currency exchange rate is the same as today's, then the cdn sp could still drop to C$0.215 in order for the still-remaining u.s. up gaps to be filled. So keep a close eye on the dollar rates in the a.m. Jmvho.
goldopportunity