RE:RE:RE:3 back to back press releases...but gold hammered againYields are back off from 3 % on 10 Yr Note...the past 10 days' action I say is a temporary relief rally in the USD. And then bearish trend will continue/resume, bearish technical trend is still intact on USD. Gold is becoming oversold short-term. No way they're (FED) raising rates in next 2 months or economy will overheat. US housing prices are very high and limited supply which is why new homes sales figure was quite weak the other day. I am definitely long gold in this climate for the long-term. JIN
banned47times wrote: You may well be right. However....even the mighty KL has but one product....gold. If the $ keeps screaming higher it's going to take its toll on all the miners even ours.
There is a point out there where the rising $ starts eating into US exports and they will start squealing again....I can't see it climbing to 100 but it could keep going up for a while. It hurts the price of gold and that hurts us too.
It's too bad we didn't have a gold breakout along with all this amazing newflow out of KL..the stock would be flying