Gold is at $1623 this morning. In the US the FOMC are meeting this week and it’s also jobs report day. This is usually gold positive running up to it, it will depend on what is said if gold is still displaying price strength afterwards.
Gold is down slightly this morning at $1618. We believe that there is a great deal of gold positive karma at the moment and think that it is only a matter of time before strength in the gold price resumes. We are happy to wait for that to happen.
Gold has increased over $30 over the last few days, to currently stand at $1626, and we at the barbarous relic are beginning to wonder whether gold’s weakness may be coming to an end. The increase is currently too small to cause us to act upon it. We are currently waiting to see what unfolds.