Thursday 23 February 2017 The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares


Political and Market Uncertainty Is Driving The Rush For Gold

By Tom Winnifrith | Friday 17 February 2017


 


In this week's Palisadce Capital potcast Peter Spina explains the recent market action and how gold stocks have historically lead the spot price. There is considerable support near $1100, and long term resistance at $1275. This level may well translate into resistance to the upside, once through it though, expect $1475 to $1500. He is seeing growing Wall Street and Chinese speculation in the market, there seems to be a general rush for gold.

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