10 November 2019
Posted in
sentix Weekly
Consolidation enters next phase
For more than two months we have been stressing the need to consolidate the gold price. Although strategic confidence is high, investor positioning was too high even for this bias. Now basic confidence is suffering a significant setback. Investors are sensing an economic recovery and interest rates are rising. This is probably too much for the yellow precious metal in the short term and the consolidation is moving into the next phase.
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