|Day Low/High||17.99 / 18.00|
|52 Wk Low/High||9.40 / 18.00|
There's no reason to think any resolution on the table will offset the current supply glut.
It looks like WTI crude around $40 plus continued low gas prices may please the equities market.
The misunderstanding of investors has led to not enough physical gold to back IAU.
We see resistance in the appreciation of the metal and maintain a more subdued outlook.
Jeb Handwerger, editor of GoldStockTrades.com, says the fundamentals of the precious metals rally are for real.