Not really… I think we have now passed the rubicon where gold can rally alongside the USD. They are both havens for worldwide liquidity and are absorbing flows from around the world from all venues. Also I personally think the PM stocks go lower here, however they go there begrudgingly as there are so many that want in this sector that failed to get in at lower levels so as prices drop we get partial position taking.
I suspect it does not go low enough to provide the lusted for “gentleman entry” which will leave many at the station chasing the train once the bottom is in. That’s why I bought back 1/3 of my cash position yesterday even though we may go lower still. Don’t want to be one of those gawkers not on the train.
Our Oz gang got into ABX a little earlier just when Soros did. ABX halved and shocked our nerves but we sat on and since then ABX fundamentals kept getting better. As a super heavyweight on HUI, ABX should rise both HUI and gold. Sitting on our hands had been difficult then but we can be more assured after 2012 high turns support.
Not really… I think we have now passed the rubicon where gold can rally alongside the USD. They are both havens for worldwide liquidity and are absorbing flows from around the world from all venues. Also I personally think the PM stocks go lower here, however they go there begrudgingly as there are so many that want in this sector that failed to get in at lower levels so as prices drop we get partial position taking.
I suspect it does not go low enough to provide the lusted for “gentleman entry” which will leave many at the station chasing the train once the bottom is in. That’s why I bought back 1/3 of my cash position yesterday even though we may go lower still. Don’t want to be one of those gawkers not on the train.
Hope For The Best, Expect The Worst… https://www.youtube.com/watch?v=l_TKXPPjhRk
test
Our Oz gang got into ABX a little earlier just when Soros did. ABX halved and shocked our nerves but we sat on and since then ABX fundamentals kept getting better. As a super heavyweight on HUI, ABX should rise both HUI and gold. Sitting on our hands had been difficult then but we can be more assured after 2012 high turns support.