RE:Re:Look like some short covering to me on GOLD today It would be nice if the short squeeze happened and came to the gold sector next once they are done with their current batch of stocks
No question the gold sector has been heavily manipulated for years. With all this money printing going on and still to come, gold should easily be around 3,000/oz today.
Many of the stocks in the gold sector are heavily shorted too including NGD. It would be nice to play in a level playing field and just let the companies share prices decide their own fate based on their own performances.
The average Joe doesn't stand a chance of getting ahead these days with all the manipulation going on. The SEC doesn't do much to stop these criminals either. What do you do?
Oh well I still continue to believe in gold and strongly believe when the SHTF many will come back to the sector as has always been the case. Sure gold may pull back a bit too at first but it will rebound and move up and will be one of the first sectors to rebound. Gold has always been a safe haven in times of uncertainty. I continue to believe that will be the case this time too.
Good luck everyone!
Ron