DislikedThe supply and demand figures that really matter are buying and selling of traded/not produced Gold. It is the traded price that determines the produced price.
For an uptrend rising volume on up days and declining volume on down days is needed - vice versa for a downtrend.
Well after hitting double top in Mid Aug/Early Sept we have had increasing volume on down days and declining volume on up days ....... so until that flips around supply and demand is saying further downside.Ignored
Life's a bitch....so be a dog and cover it!