Gold Weekly Technical Outlook
Comex Gold (GC) Gold’s correction from 1007.7 continued last week and extended further to as low as 927. From a short term angle, further decline could still be seen as long as 979.7 resistance holds. But after all, downside is expected to be contained by 892 support and bring rally resumption. Above 979.7 will flip bias back to the upside for retesting 1007.7. Break will confirm up trend resumption for 1033.9 high next. In the bigger picture, as discussed before, consolidation from 1033.9 has
The growing gulf between top executives and employees
The row over Sir Fred Goodwin’s pension was described by unions and anti-poverty campaigners yesterday as evidence of a much wider problem as a yawning gap opens up between executive retirement packages and workers’ pensions.
5 Vote(s)
Mortgage rate cuts to give us back $10b
Kiwi families will have a collective $10 billion more in their back pockets over the next three years as a result of plummeting mortgage costs, injecting even more spare cash into the economy than next month’s tax cuts.
6 Vote(s)