RE:RE:Gold futures rolled into Junewhat is amazing is the POG under these circumstances...
a) strong dollar
b) us economy more resilient
c) interest rates cuts later than expected
d) Gold imports of India dropping in march
BUT the POG is slashing from one high to another...
The reason behind this is the switch of the goldmarket from the west to the east!
If a-d) comes into our favour - and it WILL - see the POG at 3.000 minimum.
I-80 is at the cusp of a rocket start when the last shares of one big holder who is selling shares due to liquidity problems ends.. and it could be very very very near.. then the value punters will kick in with a perfect bottom from the technical point of view. And - unfortunately - some big company's for a take-over...
GLTA