Picked up a few today for a ST trade. If the US$ gold price can break through $1,256 convincingly next week we might see a stronger rally in gold.
Current price $1,247
The weight of more interest rate rises on the US$ will IMO compensate for the headwinds that might be created for gold (as confidence will start to seriously wane when the realisation is made that you can't make bad bets with free money any more).
.........and if my ST bet goes wrong the mine at Copler has got more than a 20 year mine life. Plenty of time to get out of my ST trade. Esh
AQG Price at posting:
$2.02 Sentiment: None Disclosure: Not Held