RE:TA is overbought RSI 73
The MACD signal line is the highest its ever been on the charts.
We know that even buillion is way way overbought.
And is due for a pullback! When it does watch all the gold stocks drop like a rug was pulled out from them.
But hey if gold keeps this start of a parabolic chart pattern then anything can be picked and it will go up in shareprice.
It is just time for a breather me thinks!
The 50 day is all the way back down at $1.81
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Tarsands if I were a company with all in costs north of $1000 I would pray AU prices stay lofty.
As for companies basing costs on $1250-1350 and all in costs at around $680 like Marathon, if gold drops they will still have economical assets not so good for the others, however if AU remains at the $1500 to $1800 mark those economical deposits based on realistic all in pricing will be the real winners as the enter the pre-production stages IF and when the Au valuations drop. Sure everyone will feel it. For now I don't smell much bad news only bad for the economies unimployment and governments printing bucks.
Who knows Kraft dinner my be $10.00 bucks a box next year if countries don't get control of the pandemic, we are already seeing price increases most everywhere?