GOLD 0.51% $1,391.7 gold futures

Hi Shaneos and all, I thought it was an interesting move in Gold...

  1. 3,971 Posts.
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    Hi Shaneos and all,

    I thought it was an interesting move in Gold on the 24th of February this being the CME February settlement day; one wonders if there were a few traders requiring physical Gold for a change.

    http://www.*****.com/charts/popup/au0030lnb_.html

    If in few days that proves to be the case then this Benny Goodman piece of 29/01/17 may have been most prophetic.

    “Monday is the first notice day for the February delivery month, which has always been a major one. This month is shaping up to be mildly historic in size. The overall delivery size looks like it will be at least as big as December, 2016,”

    http://averybgoodman.com/myblog/2017/01/29/comex-physical-gold-deliveries-rise-729-year-over-year/


    This chap appears to think the Gold rally will continue into next week.

    “Gold’s rally should continue” By: Dr Matthew Partridge 17/02/2017

    http://moneyweek.com/golds-rally-should-continue/

    Cheers and very best regards: Andy
 
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