The GARGANTUAN battle for Jim Sinclair’s $1,764/oz “angel” rages on; with the forces of REALITY and PHYSICAL DEMAND fighting a Cartel intent on holding PMs down pre-election, let alone to prevent the inevitable “triple top breakout” at $1,800/oz.
The economic news – across the board, such as today’s JOLTS employment data and AA earnings – are fighting their hopes, and will eventually WIN. Not to mention, Nazi protests in Greece; as the world slowly realizes Greece WILL collapse.
It’s only a matter of time before gold breaches it’s ALL-TME HIGH. The only question remaining is will it occur BEFORE or AFTER the election.
Andrew C. ("Ranting Andy") Hoffman, CFA
Miles Franklin Ltd.