WAF 1.01% $1.50 west african resources limited

Perhaps yes, perhaps no.US$ is a key driver and there is more...

  1. 787 Posts.
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    Perhaps yes, perhaps no.
    US$ is a key driver and there is more likelihood of it continuing to increase and so putting downward pressure on gold.
    Trade talks with China now moving postiive for resolution and again reducing FUD and gold support.
    Oil on the up, a positive for gold.
    Central banks moving to a hold position with subdued inflation and uncertainty as to economic growth - positive.for gold.
    Recovery of stock prices in US with continuing positive company results and turn around in sentiment from previous quarter's decline - negative for gold as FUD reduced and cash diverted back to stocks rather than gold.
    I am sure there are other factors that people can identify but you need a much better analysis to justify your post than a simple statement of sentiment. It is equally valid on this basis to say wait and buy on decline in gold sentiment, just as today demonstrates.

    (FUD = fear, uncertainty and doubt)
 
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