And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.
Now with current gold price at $1,725, ~ $250 gold price increase without “paying for it”?
To generalize the aussies are better managed to drive shareholder value across the whole cycle and are much more resilient in a downturn.
On the comex website it reads: (the london bullion market is an otc market.)
Note huge spike in m2 revealing 1.8 trillion new dollars created since january.”
Out of the 5 instruments in the metals asset class, gold ended up ranking 4th for the day in terms of price change relative to yesterday.
From a technical perspective, mckay also sees more price gains….
Demand for gold coins must be seen as a retail sentiment indicator….
If gold spikes to $10,000 an ounce i am quitting work and going digging.
The higher the gold price goes the higher those values increase.