OTCPK:PGMFF - Post by User
Comment by
Welchspringon May 26, 2021 12:56am
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Post# 33265880
RE:RE:RE:What Bear Market
RE:RE:RE:What Bear MarketTDSB your probably a great person and I do believe gold is going up and perhaps north of $2000 over the next month. However, the markets are in trouble. The S&P 500 will likely top out at 4200. The DOW and S&P 500 are struggliing and the level of volatility is increasing and will likely continue.
If the markets go through a major correction then gold will be taken down as well. You need to go back and look at market history. The literature clearly indicates this on several occasions. What happen to gold in March 2020? It sunk like a rock. However if there is a market correction since gold is considered a safe haven gold and gold stocks will be the first to have some source of recovery.
I read a lot and seek information from a number of professionals and a large percentage are negative on the market and have taken their money and parked it in cash. As you now I'm only investing in the gold sector at the moment as I do believe there is upward traction over the next month. However I would not be doing any long term investment and we will see what happens in the market over the next couple of months. I believe Bitcoin was the start of a bigger chain reaction which will impact the markets. That was very noticable when Bitcoin when from 60,000 to 30,000. There are to many institutions in the Bitcoin game.
As I've stated before watch the Federal Reserve.