RE:RE:Sold at $17 and bought back today at $15.24
Hi. I am not really technical trader but i am more to fundamental medium or long term investor. I am not sure if i made the right decision to buy back at 15.24. I just hope that the interest rate in December has already priced in to the current gold price. If not, i made the wrong decision. I am also worry about the Q4 result which will be disappointing, i think. Afterall, Goldcorp will depend on the golp price level. Gold price need to go to at least $1200 for us to get better. On today's rise, the big groups might starting to buy low after so many years of drop. We just need to see gold price getting slightly better to 1130 then when fed raise rate, it falls back to 1090 then recover gradually to 1250 level. However, if fed release a statement in dec that it will nor raise rate because it need to align US interest rate with Europe or china then gold price will go up to 1300 or more in near future. If gold price remains at 1100 level, then its not good for Goldcorp