The US CPI report will be released on Thursday, and it may determine whether gold trades at $2089 next, or whether there’s a “pitstop” at $1566, enroute to $3000.
Gold has been a FRUSTRATING trade for the last year and half. It has gone NOWHERE. There is more than one way to build more fuel for the next leg higher in the market.
A senior gold-mining executive sees the potential for a record year of mergers and acquisitions as companies turn to deals to prop up production at a time of rising bullion prices.
There is not as many things on the shelves like there used to be. Fees are rising, inflation is everywhere. Gold momentum is down, bias is up. What a mess of a chart..
