RE:RE:Good write up on NGD JonathanSteel wrote: Gold will see huge movement next week once the panic stock selling ends and investors look for safety and value to park their remaining money. The "direct" impact on NGD from the Corona Virus is zero, so once the Gold Price starts to rise and investors realize the value at hand we should see an immediate turn-around in Gold and Gold Stocks. The fact that Gold dropped in the past week is "irrational". What everyone is missing so is the huge opportunity this has created. Markets behave irrationally in time of trial but always get it right once the dust settles. The bigger the upset, the bigger the correction once the dust settles. As for the Ontario Teacher Pension Fund Partnership, this is clearly a huge vote of confidence to not only NGD but also the general Gold Market. They knew the general market was going to correct and have acted by partnering with NGD. Safe investments will be the only investments in times of major uncertainty.
Great assessment and exactly what's going on. Traders had $Billions in margin calls, called at month end and the meltdown forced them to sell everything to cover those calls. GOLD and silver are the only place to be...money will pour in , in the days and weeks ahead.