In quiet trading yesterday due to the President's Day holiday in the US, gold stabilised above 1600, trading as high as 1619 and as low as 1607.
As we commented in our online blog yesterday, we expect gold to stage a recovery rally form here, though the market is fragile and the likelihood of further sell offs continues to be elevated.
Today should see a bit more action as the US participants return and the release of the FOMC minutes later this afternoon is always closely watched for signs of how the Fed are thinking with regard to economic stimulus and interest rates.
As long as real interest rates (nominal rate less inflation) remain negative and economic stimulus remains active, gold will continue its 12 year old bull market.
As we commented in our online blog yesterday, we expect gold to stage a recovery rally form here, though the market is fragile and the likelihood of further sell offs continues to be elevated.
Today should see a bit more action as the US participants return and the release of the FOMC minutes later this afternoon is always closely watched for signs of how the Fed are thinking with regard to economic stimulus and interest rates.
As long as real interest rates (nominal rate less inflation) remain negative and economic stimulus remains active, gold will continue its 12 year old bull market.
===================================================
GOLD CURRENT TRADE
===================================================
Long 1 April Mini Gold at 1603 on 15/02/2013GOLD CURRENT TRADE
===================================================
Stop lose at 1582
===================================================
YOU SHOULD NOT TAKE ANY MATERIAL posted on this BLOG AS RECOMMENDATIONS
TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED.
Do your own due diligence.
No one knows tomorrow's price or circumstance.
I intend to portray my thoughts and ideas on the subject which may s be used as a tool for the reader.
I do not accept responsibility for being incorrect in my speculations on market trend.
I intend to portray my thoughts and ideas on the subject which may s be used as a tool for the reader.
I do not accept responsibility for being incorrect in my speculations on market trend.
King Regards
