EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
Friday's $2431 high in gold consisted of a 21% rise from the Feb 14th low. Such percentage extensions from key lows or/and technical levels such as the 200-DMA, could flag crucial opportunities for partial/full profit-taking. Watch here.
Bitcoin versus Miners Performance
As many of you know 2023 was kind to members of our WhatsApp Broadcast Group who snapped up shares in bitcoin miners, while 2024 has so far been more superior to Bitcoin than most of the miners...
View Hot-Chart..
http://www.zerohedge.com/article/meet-new-regime-gold-and-dollar-coincident
"The statistical insignificance of this post is overwhelming and mind-numbing. Data mining on 13 days of data. You can show pigs flying more scientifically."
LOL!
See the latest IMT ( February 25, 2010 18:23 GMT ):
"A close above 1109 in gold could extend upside towards 1117.".
I'm wondering why China would buy gold now when it can produce gold of its own?
http://en.wikipedia.org/wiki/Gold_mining_in_China
Why not wait till it gets even cheaper if it does need to buy?
Is this a goldbug-inspired rumour...?
"Gold, however, recovers after 3-consecutive daily losses on reports that China will buy the IMFs remaining 200 tonnes on sale by the IMF. A close above 1109 in gold could extend upside towards 1117"
Regards,
Hope some of you had the good sense to close below 1100 so you can reshort at 1111.