Barkerville Gold Mns Ltd BGMZF

RE:Gold Yo-yo

[pigbruinmcveid]

Roller,
What is interesting is that BGM isn't falling. Must be the uncle e factor... you probably figure if it is good enough for a former billionaire then it s/b good enough for you. What could go wrong with that scenario. LOL.

Some interesting correlations between gold and the HUI -- it is about 95% positive corr over pretty long time frame... in the long run this does not look good for any gold equity until we get that bottom in for the price of gold ... IMO

https://www.goldminerpulse.com/corrxy/#hui

I like the other correlations on that page as well... on the short term the correlations are way out of whack which is consistent with a massive sell off (or massive pop, but I'd say sell off has the longer odds)....

Rollercoasterblues wrote: When I see commodity prices yo-you like this....its manipulation of the herd. Gold likely dipped due to manipulation in a way to shake the tree to get weak hands out worrying about physcial gold going below $1000 but.....

It doesn't add up.....China bought 54 million ounces last month.
India is about to experience their huge social buying season of gold for traditions.
Gold rockets up almost $100 on currency devaluation of a big player who is buying gold to hedge and control the gold market long term? So who do you think is behind the selling manipulation (temporarily) to gain the most benefit long term? You know the answer. The fundamentals in the market cannot change that much to now have gold slide back $50 dollars..........the other facts mentioned before this still hold true...

It should be an interesting fall to say the least....