OTCQX:BGMZF - Post by User
Comment by
Cartman666on Jun 16, 2016 10:09pm
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Post# 24973122
RE:Gold Bull or Bear?
RE:Gold Bull or Bear?
Devastating day for Gold and Silver. Gold made a nice break through getting up to 1,310, holding, then moving higher before getting smacked down, while the markets turned green. When doing a quick check on world news events, it was clear that the assassination of the British MP was the cause. And why? Because people speculate that the Brexit vote will be delayed?? And even if it is delayed, so what. The traders live another day and buy up the markets? Ridiculous. If anything, today's event is an indication of how unstable people are in the wake of what's to come, and precious metals should be gaining momentum as a safe haven.
Oh well, a good test to see Gold's resilience. If it continues back up over 1,300 then we can be certain the interest and momentum will be stronger.
Also one of those curious days where both Gold/Silver AND the USD were up big, then all got smacked down together.