RE:Whoaaah!!! Kind of depends on where price of gold goes. If you look at gold price for the last quarter then you might think, lol, price of gold is gonna be changing trends.
Ok. Fair enough. On day the trend will change but will it happen in Q4/2015.
Well, a more sobering view IMO is the multi-year trend
where it is anything but clear that a gold bottom is in... far from it. History shows lots of little rallies back to the mean, even over shoot of the mean and then the drop below the falling mean.
You might almost say the gold price trend is rather mean... :)
Above charts are all from https://www.goldminerpulse.com/
Pick your time frames and I'm sure you'll find a regression chart to fit your opinion on the POG. Me, I subscribe to the trend is still down crew and while I don't doubt we'll see $2,400 gold one day, that day might well after the best before date on a certain billionaire uncle we all love.
halcro wrote: Last time that BGM hit 25.5 cents on volume was August 18, 2015.
Alas, it tanked on Aug. 21, sinking to 22 cents.
Before that, Aug. 5, saw a giddy 25.5 before retreating to 21 cents.
Ain't been above that since July 17, and it rapidly shed its gains (Rocket Red was working the boards then, LOL).
Go, Red, go!!!