RE:RE:foolRusty, it’s like comedy, all about the timing? We all could have loaded up through to the winter 2019-2020, or again this time last year, down as low as 30 cents when most of the indicators were already out that Walter and Eric believed they had the tiger by the tail at Goldstorm.
As the years go by and the speed and volume of trading has increased, more and more not filtered through brokers who might in the past lived and breathed the junior exchanges, the gossip, known the main players ... I find less guidance than ever to be drawn from examining trading in the short term, especially on the heels of news. There is this volatile money that trades around the float, maybe by using some nutty software, maybe by manipulators, but it doesn’t seem to reckon valuation and common sense. In some ways it’s great because it provides liquidity and misprices stocks, but it sure makes looking at charts for small issuers fraught.
Big charts? The US dollar, POG, interest rate curve ... green lights to hold leveraged gold positions.
14 million ounces grading .7gpt in a pittable deposit being priced by the market below $60USD/ounce against $1700 gold, as the FED promises low rates indefinitely, puts down $120 billion/mo in bond purchases to back themselves up, and Congress goes wild spending?
Got gold? Hang on. The trend is the friend.
cg