Well IMHO we really need GOLD USD to bounce hard off these levels or we go through $1200oz on strong selling pressure we could well see it trend to $1120oz resistance level ..
Funny how on the likes of CNBC Business news we here NOTHING on the PM's anymore .. the markets and debts reach stupifying levels
But just about every day I watch CNBC I hear all about Bitcoin !!!?? and as they say that even bad press is still great advertising..
You do get the feeling the MEDIA powers that be really want the masses to flood their anti-establishment/Market insurance funds into Bitcoin and pals (well while their mates that created it milk every dollar profit)
Then in the backround you have the like of JP Morgan loading up in real silver bullion ....not Bitcoin ...
Even a bond portfolio manager at PIMCO recently called for a sudden $5,000 oz USD gold price revaluation by the Federal Reserve to induce currency inflation to help ease debt and unfunded liability burdens.
https://www.valuewalk.com/2018/02/jpmorgan-buy-silver/
https://www.thenational.ae/business/...ummer-1.748153