If you ask me, gold will briefly hit 1210 early next week -- barring any significant geopolitical events -- before resuming the upward move. The dang resistance at 1233.1-1233.6 has proven to be one heck of a wall today.
This week's VWAP was 1215 and the mode (most contracts traded) contract price for the week was 1210.
Doesn't mean Banro will go down but it couldn't hurt to let the technicals cool off and the MAs and BBs to play catch-up before we fly.
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