Loading ...Gold Pullback
Just how far remains to be seen. $1650 may be enough, but very strong support at $1500. I don’t think we’re going that far though. The next advance will, in all likelihood, take us past $1800 and perhaps past $1900. Miners are likely to catch fire.
Thanks, Northstar. Inspiring words.
Miners holding up very well today
We need to see them outperform the General Indices if and when they crater again
Someone needs to tell the morons buying general stocks that Crude oil says DEPRESSION !
I like those levels. Obviously I’d rather a sideways move around 1600-1700… and without a close below 1650. I think this is last time to load up as I’m expecting fire works over the summer months.
I’m thinking the Summer may see a longer lasting consolidation before the break to new highs Patrick. Just my current thinking, but it’ll become clearer in the next few weeks.
It’s just speculation, but I agree. I am on the sidelines since yesterday. Looking for a season pullback then plan on reentering. One more impulse to the upside then 2-4 months of slow drawdown before the big move
That’s how I’m seeing it Plunger 🙂