Took long gold at 1286 during HUGE late night volumes
Long standing rule is to expect support to hold. This is the last support.
And wrote at the Slope
Check out palladium as a nice diversification.....
Only ones with warehouse is Russia and they are out of stock
Russia and South Africa make 90% of the worlds....and they are forming a consortium to control price better
The option to Palladium is Platinum which is like 1400 versus 700
China pollution sucks big time...they will need to buy more PGM group for catalytic converters
It is nice story that works in all but the big deflation scenario