RE:RE:RE:RE:Expected manipulationPlease remember to do your own due diligence ...
Between now and through Feb next year is a period of seasonal strength for gold. My experience has been that about 7 out of 10 times gold appreciates through this period.
As well, I have read that next year we can expect the US $ to go lower which usually means Gold goes up relative to the buck.
Tax loss season is approaching, NGD may be an underwater tax loss situation for investors in the last few months - don't know but we could see downside pressure because of this - yet to come. My personal experience has been to pay attnetion in the trading days immediately after christmas - sometimes that is when the best bargains happen.
And if you look at the last 20 or so years in the POG, it looks like a massive long term cup and handle forming, we may be on the handle now. If this is accurate then the upside on gold is between 2600-2700 next year.
Downside - 1 big one - Dem's in the WH means market usually appreciates overall, pressure on gold as money moves out of gold and into tech's etc.
These are the things I'm watching, my expectation is a higher gold price in the first quarter.
And don't forget NGD becomes unhedged and highly leveraged to the POG after year end.
DYOD and GL2A - B2S2