The Price Of Gold is one of the hardest to predict, since it can be affected by so many factors.
All of the gurus, arm chair expects, psychos and nutcases have all come out of the woodwork with their BS reports that are all very convincing and professionally prepared.
I have no idea what POG we need to have to ensure that Break Of Day is economically viable.
I attach a monthly gold chart to try and smooth out the fluctuations and give a big picture to what is happening.
It all looks a bit ugly at the moment. China are on holidays this week. Maybe they can bring some stability when they return next week.
Our SP started falling out of the sky yesterday, but found solid support at the 9 cent mark.
Tough week. Good luck and best wishes for the rest of it.
MGV Price at posting:
9.3¢ Sentiment: Hold Disclosure: Held
