RE:RE:Target C$48RONNIE111 wrote: I think that is a very realistic target.
I think the pivot is continuing.
US stocks down big again today. Looks like a trend. Down 5% in Sept. I think they figure 10% down means bear.
Gold up, or stable even with the big drop in stocks today. Ditto EDV.
Maybe a rotation out of general stocks into goldstocks, a tiny % will do it, and $48 comes into view.
And Bitcoin. Anyone still care? Besides the whales, is that what they are called?, sharks more like it, who hold most and constantly manipulate the market.
I also had another thought. The property boom is over in China. Totally over. So it makes sense to me that the ave Chinese investor will stop putting money into another apartment and so where? Stocks - doubt it, uh , what else is there? oh yes, gold. China is the biggest buyer of gold (and India) so it seems gold would be a pretty natural place for them to go to. And they are very familiar with the advantages of gold.
Ya had to jinx us on the general markets, crypto's, and the PoG didn't ya? lol
MM
PS I agree with you and your general theses, but I dare not make any ST predictions ... especially not on Crypto's.