Re: Gold flying up again after a small retracement to $1720, now back at $1773! EOM

Galahad Metals

4 projects in Ontario, Quebec and Nevada (Gold, Silver,Copper,REE)

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Francis Dube

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Re: Gold flying up again after a small retracement to $1720, now back at $1773! EOM

in response to

Gold flying up again after a small retracement to $1720, now back at $1773! EOM

glorieux

posted on Aug 09, 2011 03:51PM

And now back down to $1737, what a wild ride for anyone trying to play this. The big change I just noticed and correctly predicted is that the US dollar is now falling and accounts for $19.60 change out of $20.00. As the US dollar weakens more, this will be supportive of gold prices (in US dollars of course).

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