Euro Sun Mining Inc T.ESM

Looking Good for Gold !! Hopefully ESM also !

[StockDoc60]

(Kitco News) Gold is seeing some positive movements this week and the Federal Reserve monetary policy meeting, which wraps up on Wednesday, could open up room for more gains, according to TD Securities. “We expect that the FOMC will clear the second hurdle for gold bugs, following the ECB which allowed some room for the weak USD narrative to play out. Officials are set to send a dovish signal through the wording on QE, the extension of the dot plot through 2023, and the Chairman's press conference. Over time, this will open up the door to an extension in the average maturity of Treasury purchases. In this context, we argue that the balance of risks is tilted towards a breakout higher,” TD Securities commodity strategists write. There is support for higher gold prices going forward, the strategists add. “As equity markets shake off last week's positioning squeeze, gold is once again feeling the love. We argued that recent price action has revealed that there is a supportive positioning slate in gold, with few weak hands remaining,” they note. “If gold traders held 'weak hands', last week's equity market volatility would have resulted in a deeperl