- Joined
- 22 May 2020
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I am happy it has corrected, I can buy more gold and silver now. A cheaper price doesn't deter precious metal investors, it encourages them to just buy more than they otherwise would have.
Gold is due for a correction. Every tinpot company with an ASX listing is pegging rubbish tips and doing a bloody webinar.
Where the price goes is moot. Just go with it!
gg
Yeah my DEG and MGV positions have taken it in the proverbial the last few days but they're also wildly volatile anyways.Gold is due for a correction. Every tinpot company with an ASX listing is pegging rubbish tips and doing a bloody webinar.
Where the price goes is moot. Just go with it!
gg
Yes.I am happy it has corrected, I can buy more gold and silver now. A cheaper price doesn't deter precious metal investors, it encourages them to just buy more than they otherwise would have.
Yes.
Like I've said before I have been buying little bits through this little parabolic trend, just in case this retracement never came. But now I have my ears pinned back... Not a buyer of more yet but looking for the point where I think it is time to smash it.
Yeah my DEG and MGV positions have taken it in the proverbial the last few days but they're also wildly volatile anyways.
Like I said, everyone are getting the jitters and there appears to be no end in sight to the stimulus stalemate, which is only contributing to the jitters further.
Gold was due for a pullback sometime though.
Yes.
Like I've said before I have been buying little bits through this little parabolic trend, just in case this retracement never came. But now I have my ears pinned back... Not a buyer of more yet but looking for the point where I think it is time to smash it.
I think ultimately, reality will verify our madness.I know how you both feel. I came late to penny gold stocks this time about, but the more I looked at it the more sleazy the operators became.
Gold does make men and women go mad. No doubt in my mind. It is a marvellous metal.
After my competition dart hit GED and it went from 2nd last to second place I was tempted to put a few kopeks on it. Thank gawd I held back and didn't. It's doing a raising I believe in a trading halt. As the song says " Easy come, Easy go ".
gg
Good thinking, 99Gold is due for a correction.
.....rubbish tips ...
...
@Boggo Lots of nice abc corrections in the gold stocks.
Your MT predictor should be going crazy with them.
Although.With news getting about over the weekend that Warren Buffet is favouring gold stock over banks tells me there should be a substantial jump in gold this week.
https://www.business-standard.com/a...-bank-shares-bets-on-gold-120081500639_1.html
I have some concerns regarding his pick, however, with reference to Marin Katusa's negative swap thesis... especially in the current geopolitical climate.With news getting about over the weekend that Warren Buffet is favouring gold stock over banks tells me there should be a substantial jump in gold this week.
https://www.business-standard.com/a...-bank-shares-bets-on-gold-120081500639_1.html
With news getting about over the weekend that Warren Buffet is favouring gold stock over banks tells me there should be a substantial jump in gold this week.
https://www.business-standard.com/a...-bank-shares-bets-on-gold-120081500639_1.html
Cheap bank stocks or gold when interest rate can only go up?The article failed to mention that;
"Warren Buffett’s Berkshire Hathaway (BRK.A) bought $1.73 billion of Bank of America (BAC) stock from July 20 through July 30...."
If Biden is elected, there will be an initial swoon, then everything with rip higher from even more unprecedented Money printing, including PMs and Crypto, IMOCheap bank stocks or gold when interest rate can only go up?
Looking ahead, the choice is clear
We can still have a gold surge in the coming weeks or on world events : Biden elected, war but medium term, it says sell on the economic outlook..
Anyone?
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