RE:RE:RE:RE:RE:What's wrong with K92 mining?for example, here is a different market timing narrative. the $1850 support level was just tested and held, now gold is going back up. the drop was related to end of month option expiry where they always try to push the price down. option expiry almost over and gold can rebound. this is nothing like march. the fed has infinite QE. any sign of markets dropping, the fed can pound the print button to prop up the markets as they have been doing after march. recent us dollar rise is only because of euro dropping from possible second wave there. when second wave appears in us, dollar drops and gold goes up.
recent drop is also because of failure to pass relief package. that is now priced in. gold can look forward to it eventually passing. trump will do anything to get it passed before the election. economy slowing down now is good for gold. any slowdown and the fed can pound the print button with infinite QE, unlike in march.
after people shorted the drop, going into the weekend will have shorts covering. people who already sold will chase the rise. people anticipating a biden win because of polls buy gold before the election is held in anticipation of more deficit spending and money printing.
who says your market timing narrative is better than anybody else's?
if market timing was so easy, everybody would be rich.