Gold next up leg…
The irony is, as frustrating and long as this correction has been, I am personally still not convinced we will be getting a moonshot move in the miners that some are predicting (e.g. Gary Savage thinks we could test the 2012 all time high during the next cycle). While I agree it is possible, I also give equal weighting to the possibility of being range bound, and the real launch beginning in either March-April 2021 or even in the second half of 2021. I think any of them are reasonable for various technical reasons. We’ll see.
As you all know by now, things rarely play out like you think they can or should.
Good comments Nautlius …Gary actually may be right on this one, I too think the stocks will roar to the ATH, next year due mostly from earnings. But you are right thinking it might take a while to get going. Let’s all be patient and let the market do its work