Gold Daily Video, November 18, 2014

[Sive Morten]

Good morning,
Gold gradually approaches to crucial 1200-1210 area:




The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.

 

[Slim Trady]

Sive.

Don't you think the up and coming 30th November Swiss Referendum on boosting Switzerlands gold holdings has had something to do with Golds accelering price?

 

[Sive Morten]

Sive.

Don't you think the up and coming 30th November Swiss Referendum on boosting Switzerlands gold holdings has had something to do with Golds accelering price?

I do not think so. This information was public for long time prior gold's rally has happened. Besides, it is not known yet what will be on referendum. I suggest that mostly we have a deal with geopolicy, but do not know yet what really is going on.