That’s the spirit Exodus. Nice going! Cheers!
The guy who placed a $1.75m bet is just trying to ramp the Gold price.
That is equivalent to 1250 ounces at today’s price.
It is a pathetically small amount.
When Soros went short on the S&P500 last year, or whenever, his bet was $1bn.
… sometimes I wonder if he is still holding that contract which was placed at ~2000, the current SPX is around 3100
… oops
Gold,Weekly
IG appoints a new chairman, Robert McTighe, and the share price drops 2% … allegedly.
If that were the cause then possibly one has to ask ‘why’ ?
However a quick look at the chart suggests that it might have done that regardless…
I suspect that I am finished trading for the year, but never say ‘never’…
I am up 2% on the month …
I think I am happy with that but I still haven’t increased my bet size, and I should do that.
Happy New Year everyone.
Happy New Year all
Gold is up nearly 30% this year - next year ?? - just sayin LOL
‘‘the precious metals sector could become explosive next year.’’
Assuming they are honoured of course
Yes Gold is probably a confirmed buy now that the US has topped the Iranian General
That should please Magog
Have A good year chaps & chapesses