Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Today’s Gold session covered a very quiet $6.80 range while trading between the pivot and resistance levels Gold took advantage of a weaker U.S Dollar and a late session Crude oil rally to close higher for the day. There appeared to be a lack of buying momentum as the Gold stalled around the $1230.00 -$1231.00…
This recent rally has been fueled by the poor economic data globally that has forced investors to transfer funds from the equity markets and into “safer and tangible investments” primarily the precious metals…
We are in the last weeks of the “summer” markets and quickly approaching the Wedding and Festival season in the world’s largest Gold consumer India (September-December) and expectations are the volume and momentum will increase.
*please EMAIL me with your questions & comments*
MY SWING NUMBERS 8/18….. DECEMBER GOLD
RESISITANCE # 2…………………$1235.00
RESISTANCE # 1…………………$1232.00
PIVOT ……………………………….$1228.00
SUPPORT # 1……………………..$1225.00
SUPPORT # 2……………………..$1221.00
Mike Daly / Gold Specialist
PFG BEST
877-294-4669
312-563-8029
YOU CAN FIND THIS REPORT AT www.pfgbest.com click research ..then metals report….
*THERE IS EXTREME RISK TRADING FUTURES, OPTIONS, and FOREX*
