Post by
karead on Mar 07, 2024 7:32am
It amazes me
That anybody would sell at this level. With the increase in the price of gold, CXB is just as undervalued as it was at $1.30! Sure, I can see that there might be a possible pullback from this level given the quick rise, but you had better hope you're quick with getting back in if you're trading. Besides, if you sell at this level, whct are you putting the proceeds towards? Either a different gold stock, or a GIC? I don't see any scenario where I sell unless gold itself begins a new downtrend, and I guess that's what the sellers are figuring is going to happen. Personally, I don't see it. I see $2,225 within the next month.
Comment by
BGraham2 on Mar 07, 2024 9:05am
Just my opinion karead, but would't surprise me to see any pullbacks in gold for the next few weeks / months being short and small (percentage wise) Like maybe a 1 to 2 week duration with max 5 % decline. BG
Comment by
BGraham2 on Mar 28, 2024 4:26pm
nailed the duration ! the % decline was practically non-existant. I dare say these kind of consolidations will be par for the course on the run to $3K US gold! Silver and gold etf's lighting up the exchanges today!! BG