RE:RE:And if you think....And apparently the shorters didn't heed my advice to NOT short Newmont (NEM / NGT) and look where it went today.
Anyone here take my advice and pick up some shares of NGT yesterday or this morning while we wait for BCE to finish its beat down? Think I mentioned it was about to break above its 200 DMA and was going to about $54 and well looks like it made it. Now it's probably topped out here at $54 in the short term (unless gold spikes another $50 buck soon. The RSI is now indicating Overbought but who knows with these gold stocks, they've been on fire!
My point, BCE isn't going away and it too shall have its day, but in the meantime there's life outside of BCE. Follow the money.....and the money in 2024 is oil and gold stocks. Telecoms is a 2025 story.
My opinion only, please DYODD.
HB77