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Online Share Trading

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The Interplay...

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between $/Rand and $/Gold.Always interesting.NEWGOLD popped her BUY on 7 October at R91.And adds another X for demand at a R92 High,today. Sniffing the winds.R90 now P&F support.$/Rand is the major player on GLD.Very sensitive.A lovely instrument to trade,with CFD leverage. Downside limited due to Rand being so strong already.R86 = Support.
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SimonPB
Valued Contributor
Sign Of A Bubble #254931542: Mr. T Talks Gold On Bloomberg .. http://ow.ly/2Ttwi
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The thing is...where is the NEW resistance for $Gold ? I agree, the Price is stretching above that 200ma line.Then again,overbought can stay overbought for quite a while.Nevertheless,best to have a hand in the game than to sit completely in Cash re GLD trade.I believe we're at a systemic crossroads NOW...Why ? the US Dollar Index is tapping a crucial Support line.Below that,some fresh air.Gold will respond...either way.So here goes.
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