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Ipso

Posted by goldielocks @ 15:54 on May 26, 2016  

Gold might still have room to move a little lower as its bounced off 1200-10 Aprox a few times. News of interest rate rises could have a counter move by other markets from what I watch, but not in earnest right now. China might, ” might ” be fearful of devaluing again as reaction last time wasn’t taken well by even Chinese investors and they had to freeze the market a few times last time so might cause sell off of reserves which is counter to rising dollar which presently is good for gold. This is a IMO but may see gold drop on news but then recover. If it drops much below 1200 we’ll probably have to wait till next support. Equities are buying back stocks giving divvies and merging and low interest rates apparently helping them but investors at this points not sure. How long that can go on I don’t know.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.