Every why hath a wherefore

Chart of the day is…

…gold dailies and a quote from Reuters. Here’s the chart…

…and here’s the quote (from here):

“We are seeing very slow demand as people are still bearish,” said Peter Fung, head of dealing at Hong Kong’s Wing Fung Precious Metals. “They are waiting for prices to fall below $1,300.” 

By my eye on that chart, those waiting for sub-1.3k look likely to get their wish.

Leave a Reply

Your email address will not be published.

Hello, you are not in a chatroom, you are in my living room. Opposing views and criticisms welcome, insults or urinating on furniture unwelcome. Please refrain from swearing if possible, it is not needed.