RE:RE:News
You could be right and I would like you to be, but I highly doubt you are on all 3 counts. Last time you mentioned the Canadian dollar was due to go up a while back, it retreated downwards further. Gold right now with it latest surge it just short covering, it is in a trading range of $1,080 to $1,150 and should test that $1,080 again and lower before heading north through the $1,200 you mention.......Oil will be the driver, with oil retreating as the pumping starts and the 40 million barrel reserves in Iran to be sold at a loss for needed cash, starting before year end in 2015.......... Oil will take gold down with it....... Not all bad news though, as interest rates probably will not be raised, but QE #4 will be implemented next year likely, and that should be your driver taking gold up the ladder. That's when the US dollar may start to soften and the Canadian dollar heading north again. October (now) is the month the oil is going to start to flow from Iran..........don't see any signs of any buy-out of EOM in the immediate future, but who really knows, hope you are right ........here you go......... https://www.reuters.com/article/2015/07/31/china-iran-oil-idUSL3N10B29620150731