Thanks, Fully. And you see, this is what has me hesitant to take positions in PM stocks, even the great finds by folks on this site. (And I thank YOU, too.) But if Rambus is correct and gold falls to $685 – $725, how can those PM stocks NOT fall with it?? PLEASE, enlighten me, cause I’d love to jump on-board, but …
Rambus: “If the current backtest holds resistance and gold begins to break below last months low then it should start heading for the massive H&S price objective down to the 685 to 725 area as shown by the brown shaded support and resistance zone.”
as of Friday 1/22 the “monthly” gold price is 1098.20 so we should know in a few days whether gold is going to continue to exceed the backtest at 1095 on the monthly.
Thanks, Fully. And you see, this is what has me hesitant to take positions in PM stocks, even the great finds by folks on this site. (And I thank YOU, too.) But if Rambus is correct and gold falls to $685 – $725, how can those PM stocks NOT fall with it?? PLEASE, enlighten me, cause I’d love to jump on-board, but …
Rambus: “If the current backtest holds resistance and gold begins to break below last months low then it should start heading for the massive H&S price objective down to the 685 to 725 area as shown by the brown shaded support and resistance zone.”
I agree …Too risky for me right now
Spock has identified some real gems …which seem to be bifurcating from the masses
Some folks are happy to jump on board recognizing we will never pick THE bottom
I bought 8 of them but have now bailed pending how this plays out over the next few weeks to months
as of Friday 1/22 the “monthly” gold price is 1098.20 so we should know in a few days whether gold is going to continue to exceed the backtest at 1095 on the monthly.