RE:This last $150 draw down
goldanalyst wrote: will break all but the most ardent gold bug....it's the way it usually works.....only the strongest and those not on margin can withstand this kind of onslaught...tomorrow right on cue gold and gold stocks will start their mutli-year rise....and not a moment earlier.....the market will try to squeeze every last penny out of this draw down today....hang tight and prosper....we've offically retraced to the 50% fibonacci retracement level....$1915....I believe this level will find support for the day....but the damage has already been done to all but those who plan to hold for the longer term....not for the faint of heart~
GLTA
So will Thursday be our turning point. So for anyone that wants more cheapies today and tomorrow will be the time to buy. The price of gold and NFG will be heading higher after that in my opinion. She could dip below $7 cnd again by the looks of it.