RE:I believe the volatility in gold at yesterday's open wasbraindeadoldguy wrote: quick profit taking, and the setup to short it again, as we are witnessing now. This game is not going to end until the fed stops raising rates. That may not be happening at all even this year. They have to beat the dreaded inflation tyrant.
So, just my opinion, it's way to early to buy anything at all right now. Either sit through it, or sit out, and wait to see what developes. This is not the time to bail on NFG in my opinion because we have waited for weeks to hear something, anything, and it shouldn't take that much longer.
Looks like another chittybangbang day.
B-dog
With egg on my face I answer Bdog...my 5.13 call did not hold and with trading being below
25% of average. The almighty dollar is the real story at around 109 now and these fiat
currency runs can last longer than they should. Everyone knows all currencies are questionable
but yet the US$ is the best of the worst and all uncertainty such as war, covid and or
economic strength makes you run to the safest thing you see. I see that perception
changing to gold or the great decoupling that has been alluded too. This will come in
the flux that will continue and confusion will reign.
Gold price should not effect the junior minors but yet it does as the baby goes out with
the bathwater or anything gold related. In illogic times we suffer with the turmoil of finding
footing yet our gold in the ground has not changed unless we get some poaching.
Even with gold where it is now we have moved down to only 8 times our cost of
production profit from 9......sometime people will realize ...it is only a matter of when. IKE