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Thread: The gold price could rise again soon

  1. #1
    Senior Member fxtester's Avatar
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    Default The gold price could rise again soon

    As it is reaching the 1000 dollars level and the cost of gold production is 1000 dollars for an once.

    That means that once under 1000 dollars, the main productors (Australia) will have to shutdown or to sell mines, resulting into a diminution of extracted metal.

    Less production = less available metal = price rise.

    There is also a technical level at 1000 dollars.

    Source : The gold price and production costs

  2. #2

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    Gold prices have been down and it seems that it might further continue to do so. Dollar has been strong it will push prices further down.

  3. #3
    Senior Member fxtester's Avatar
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    Default

    Here we go, up to +2700 pts.


    With the brexit, gold becomes a safe heaven.
    Last edited by fxtester; 06-24-2016 at 15:17.

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