The article below is referring to this week, and the jobs report
at end of last month Friday Jan 24, and yet that gold is holding
up pretty good. So far!
From
'Jobs Report Week (last week, and China holiday
week, this week): Gold Stays Firm (so far)'
By: Stewart Thomson
https://www.safehaven.com/article/43595/jobs-report-week-gold-stays-firm "The next monthly jobs report (said before Friday Jan 24, ie last week) will be released at 8:30AM on Friday (jan 24). This report and the closure of the Chinese gold market (this week) for the New Year's holiday should be quite negative for gold, but...
The sell-off from the $1220 area is orderly, and gold feels firm.(so far)"
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"(If worse comes to worse) All gold community eyes should be focused on the $1125 price level. A breakdown below that level would almost certainly usher in a gold price rally to my
$1250 target zone (me- ie the fat cats want to make a nice profit on that forced low)"
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"A rally to $1250 would likely see GDX surge to $28, and a bigger move to
$1650 for gold should see GDX make a new all-time high. That's a bit further down the road (me- but I am sure he is talking about this year), but eager gold stock investors should ensure they are building a solid block of core positions now, to partake in all the upside fun !"