Too many people hoping for rebound, so it did not happen. I continue to believe that gold/miners will bottom around next fed meeting in June. Maybe a rebound will happen now. I started buying today. If we go down to 1180 gold and miners below Dec level I will buy a lot more!
As worst case scenario, projections from February/March even suggest a possible 120-ish bottom for HUI before a significant turn-around comes into fruition.
But this is just based on non-linear stochastics, so it can turn in a heartbeat anytime.
These same models suggest a turn-around in Gold at ~May 06, before loosing steam again in early July.
Depressing cloud hanging over the whole PM complex. Beaten into submission.
Well apart from Tahoe and Kinross, plus 15% and plus 10%. What is that all about?
On holiday in Spain so at least we will have some sun for the next few weeks 🙂
I think I will need lots of beer and G&T’s as well if this continues.
Too many people hoping for rebound, so it did not happen. I continue to believe that gold/miners will bottom around next fed meeting in June. Maybe a rebound will happen now. I started buying today. If we go down to 1180 gold and miners below Dec level I will buy a lot more!
Oh and Primero up 11% and our old friend Quest up 9% at last!
Go Quest !
LOL 🙂
I really hope so. I would love to see this come back.
Hui ui ui ui ui ui uiiiiiiiii! Spooky 🙂
As worst case scenario, projections from February/March even suggest a possible 120-ish bottom for HUI before a significant turn-around comes into fruition.
But this is just based on non-linear stochastics, so it can turn in a heartbeat anytime.
These same models suggest a turn-around in Gold at ~May 06, before loosing steam again in early July.
Take the above with a big grain of salt.