Re Pedred , Eventually back to 2 Quid, where it came from.
Gold should close above the 1240 (USD) resistance that it has been testing the last 2 days. Next resistance is at 1256.40 which is stronger and will most likely hold for today at least. If sp doesn't respond I guess it indicates investors don't believe the gold price will continue higher.
Good to see CEO promoted from within. His knowledge would take an external years
Gold has reached resistance at 1240 for the second day in succession. Maybe it will break thru and continue up this time.
Lovely action around the "London Gold Fix" this afternoon. After trading all day in the 1234-1240 range it drops for about an hour around the time of the gold fix and then rises again afterwards.
Interesting times. Gold (and Centamin) moving up and some predict that will continue for a month or more. If the stars align: than the new investment law will be enacted before gold turns south. Many pundits are predicting that the final low will happen this summer/fall.
It will never be fully resolved, just postponed indefinitely...
CEY Live TradesTimeTrade PriceVolume≈ Value 16:35464.252,308,9961.484M
2015 guidance was expected to be 450K+ but was given as 420K. Josef has learned his lesson in hubris.
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