Gold prices have rallied to $885/oz in recent weeks. This is a traders market, so I would be taking profits. The New Year is often a time when the market rallies. I would be expecting a swift kick in the balls anytime soon. there is no basis for a recovery in th
e metal complex. Even gold prices are not likely to rally just yet. I don't see them taking off until inflation is more prevalent. Market sentiment might be generally stronger though after Xmas, but I would tend to favour the broader market than metals. Gold prices can be expected to fall back to $700/oz. Still that still makes for good earnings for gold prices in Australia, but I would not expect much support just yet.
e metal complex. Even gold prices are not likely to rally just yet. I don't see them taking off until inflation is more prevalent. Market sentiment might be generally stronger though after Xmas, but I would tend to favour the broader market than metals. Gold prices can be expected to fall back to $700/oz. Still that still makes for good earnings for gold prices in Australia, but I would not expect much support just yet.-----------------------------------------------
Andrew Sheldon www.sheldonthinks.com
Andrew Sheldon www.sheldonthinks.com
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