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Gold

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Super Contributor
Gold shares are getting serious hammering.
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Super Contributor
Still another 10-15% to go down.....depends on ZAR if it strengthens then will go down by 20%
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Not applicable
so nothing really to do with the price of gold then?
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Super Contributor
ANG closed that brexit gap..Tommorrows jobs report could offer a bounce if bad numbers.. I think the FED cant raise so they will ensure the number is bad so it gives them some breathing space for Sept
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Super Contributor
Massively oversold as well, so the risk/reward is favouring the longs as it is down >20% in last 2 weeks..
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Super Contributor
Remember last year the gold shares was oversold for extended period of time before they turned around. Gold has seen its top and will go further down IMO.
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Super Contributor
I am bullish gold. Think the FED cant raise rates for the following reasons - The US economy cant afford such a strong dollar will impact earnings/growth. The presidential election, the democrats wont want to rock the boat before November. The fact that the GDP is 1% in US, it will be detrimental to US as all other Developed nations are easing so will make US companies lose the competitive edge over the EU nations. All the hawkish talk will come to nothing..IMO
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