RE:RE:MT Newswires:Eldorado Gold Slightly Lower NowYes Nicksonsnowboar, Stocks are at all time highs while Gold bullion & Gold miners sort of flopped again last friday giving up previous small gains but...partly (mainly?) due to ongoing China/ USA Trade talks.
U.S. official signals first-phase China talks in final, hardest steps White House economic adviser Larry Kudlow said negotiations over the first phase of a trade agreement with China were coming down to the final stages, with the two sides in close contact.
“We are coming down to the short strokes,” Kudlow said. “We are in communication with them every single day right now.”
They say Gold prices shot up 22% this year prior to this latest drop. This week may reveal more about whether Gold continues to remain in mid 1450's to 1470's or slump further down. I believe that a lot of the damage caused by China/US trade news & and 'buy everything except gold' exuberance has already been priced in and while
i accept the fact that Gold and miners could get swatted lower, prefer to remain a long term Gold miner optimist and will soon share some recent posts from various sources as to why.
Cheers to all the patient investors