Post by
NineLives on Jun 12, 2024 10:14am
2 steps forward 2 back
Nice rally in August Gold today, hit $2.355 at one point. As soon as IAU got some bids sellers through Morgan Stanley house #53 slowed it down with others.
Now we can blame the lack of volume in this sector on the summer doldrums, but before summer what was the indifference to Gold stocks ?
Well at least that $130 million can be switched around in currencies and maybe they'll double it playing FX.
Comment by
Ridgeback on Jun 12, 2024 11:24am
We are all waiting for the postman to deliver the JV deal but due to high temps in the south west postman has heat stroke. 13 is my lucky number so perhaps at this weeks dog and pony show we have some good news on the cprporate update?
Comment by
NineLives on Jun 12, 2024 11:36am
Hope so Ridge, really hope so. These Gold markets are defying logic, fundamental's and basic expectations. Here's to tomorrow then !