Do you really sell LSG when this is happening and managementwho claim to be gold men and follow the general dynamics of what is happening over the years, should know what is coming and hence know better.
Assuming they are in control and not big investors, which I suspect the latter.
We are definitely in a beginning gold bull market again right now. And it is here for years to come, again.
From
'Gold's Rally: A Study In Perfection',
by Stewart Thomson
https://news.goldseek.com/GoldSeek/1457455310.php "Gold has staged a majestic upside breakout, as I predicted it would, from an important symmetrical triangle pattern. The upside fun continues this morning, with the world’s ultimate asset rising overnight again, in solid Asian trading.
3. My $1320 target is coming closer. " .....
..... "Double-click to enlarge this short term chart of the Dow. Gold surged as global stock markets crashed after Janet’s first rate hike, but gold is surging again, as stock markets rally!
20. Clearly, for the world’s ultimate asset, the rally is a “study in perfection”. All the lights are green! Please click here now. Double-click to enlarge. The Chinese stock market is forming a gargantuan inverse head & shoulders pattern. I’ve argued that Chinese leaders will be successful in leading the nation’s transition into a domestic consumption oriented economy, and this chart adds serious weight to my assertion.
21. Chinese citizens like to buy a lot of gold when they prosper. Also, the Chinese stock market is highly correlated to general commodity markets, while the US stock market is highly correlated to printed money and low interest rates from the Fed.
22. As Janet ends the printed money fun and hikes rates, I expect the Chinese stock market will diverge from the US market, and rally strongly while the US market may implode. Obviously, I invest where my mouth is, which is gold, silver, Chindian stock markets, and commodity stocks.
23. Please click here now. Double-click to enlarge this phenomenal GDX weekly chart.
24. A huge inverse head and shoulders bottom pattern continues to get “sculpted” onto the chart. This is forming because of large institutional money manager liquidity flows coming into this great sector. The rally should continue until roughly the $23 area for GDX. From there, the right shoulder should form. At that point, I’m predicting an enormous rally begins, carrying GDX to beyond the $30 marker!"