Despite the downtrend underway, the gold bugz might sustain a rescue effort if they can keep the price
above the $1620 - 1630 area. Gold took another hit today when the Fed's FOMC minutes indicated
that further QE is on the back burner. This should not be a surprise, but it knocked the wind out of
the market anyway, with gold trading down again at very short term support of around $1645 oz.
For more, scroll down a couple of days. Gold Price
No comments:
Post a Comment