RE:Loving these down daysOkanStockMan wrote: Weak hands are fleeing gold after a few bad days, ignoring the conditions that will cause gold to skyrocket are still very much active. The price supression will be ending soon here, Buffet was just a nice trap to catch retail investors who chase the FOMO and run at the slightest dip.
Back in this week after almost a year.
Interesting call OSM. I have been watching YRI for a while. The YRI chart is starting to show most of my favoured buy signals. I'm ready to start nibbling on YRI next week but not ready to go all-in just yet. Time will tell if your "gold to skyrocket" anytime soon is right and I'll need more evidence that a price skyrocket is underway before I go all-in.
I have seen too many gold price predictions that didn't happen. It's easy to make predictions but making predictions that come true is a lot harder. I know this from my own personal experience making predictions.
I'm aleady buying other gold stocks because I think you are right that gold is headed higher. The big question is when it will happen. I'm guessing the gold price run higher will be started by an unexpected surprise.
BBT