In our opinion, gold’s looking really good for a test above $US1,900 although every time the local sector has threated to rally its withered away, that said, this is probably our favourite call into Christmas – for good measure this definitely doesn’t feel like a ”crowded” trade as its over 12-months since precious metals were garnering any headlines and the recent appreciation in bonds yields is likely to have seen many investors abandon the sector all together.
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MM remains bullish gold into Christmas
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