And if gold loose its attraction of safe harbor?How low yri can go? 7,00$ or lower? There is continous volatility but current bull mrkt seems to encourage the shifting of $ from precious metal to other asset.
Looking at 5 years SP chart, no doubt that going from 10$ to 20$ and back in the 8$ range is not nice for bagholders.
if gold reverse toward 1000$ , then waiting is maybe a smart move. At least until we know where this continuous increasing market is going .
of course it is summer and most financial thinkers are going away until September. If they can start a wave of shorting to make money being at the beach and then come back and buy at low level they will make it both ways....
time to be careful.
Yri has potential but not sure now if we have the right starter blocks...
glta