RE:Gold can't catch a bid todaytopdown99 wrote: Gold is having trouble holding $1800 , I am hearing another round of selling is due . Any guesses on how low it will go once gold breaks into the $1700's ?
Bigger question , what will falling gold prices do to fvl
I believe that short term gold and fvl will be staying around the same levels with the possibility of trending lower however with that being said its important to look at the big picture and ask yourself what the economy will look like in the next few years...as much as governments want to sell the idea that a vaccine is almost here and everything will magically go back to normal the reality is that it wont be that easy....first, a stimulus package is still in play, many people dont feel safe taking a vaccine, interest rates are not going up any time soon due to the growing personal and government debt and lastly I personally believe that the last few weeks has been a shake out...get rid of the little guy so the big guy can buy at a discount.......who ever has the guts to stay in this game and hold on to their gold and mining stocks will profit. IMHO