There are 6.9 billion people on the planet, and about half of them have no access to fresh water on a daily basis.
Technically, gold futures bulls have faded badly on a near-term basis as prices hit a fresh two-month low overnight and on Friday closed at a bearish weekly low close, to also re-establish a four-week-old downtrend on the daily bar chart.
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The gold and silver markets are still technically weak on a near-term basis, which continues to limit fresh speculative buying interest.
The gold and silver market bulls are still technically weak on a near-term basis, which continues to limit fresh speculative buying interest.
Technically, gold futures bulls faded badly on a near-term basis Friday as prices hit a fresh seven-week low, to re-establish a four-week-old downtrend on the daily bar chart.
Technically, gold futures bulls faded very badly on a near-term basis Friday as prices hit a fresh two-month low and closed at a bearish weekly low close, to also re-establish a four-week-old downtrend on the daily bar chart.
This painted a very grim picture of the state of the US economy and has led many to speculate that a fresh round of US stimulus may be in the works which on the basis of supply and demand could weaken the USD.
From Marbridge Consulting this morning, Gaopeng is doing a fresh round of layoffs at the moment and has been losing people on a weekly basis since April.
Gold prices did hit a fresh two-month high overnight as bulls remain very strong on a near-term technical basis.
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