Post by
metalhead666 on Dec 02, 2022 8:46am
That's the end of the gold mini rally...
I cashed in all miners yesterday on that ridiculous pump. FED is going to keep its boot on everyones neck for a while longer but don't panic. They will hike until something breaks and break it will. I've maintained all along that the real gold bull won't start until the FED folds and that now appears to be a few more months away.
So...might not be the worst idea to bank your gains or some of them and look towards building your position back slowly over the next few months. You can sit tight but don't be surprised if you give up a lot of your gains with a sinking stock market and retreating gold price
Comment by
diggin78 on Dec 02, 2022 9:17am
Here's what you wrote ovemeber 30th: FED will be folding soon...gold ready to rip higher! Here's what you wrote this morning: I cashed in all miners yesterday on that ridiculous pump.
Comment by
NineLives on Dec 02, 2022 9:36am
Lol Metalhead, you're all over the map. Get a grip this is turning into a major Gold mine. Patience.
Comment by
metalhead666 on Dec 02, 2022 9:47am
Yep...I deal with what I'm given and never ever get married to a position. I don't disagree long term but I don't like giving back hard fought for gains. It took me all year to get my accounts back into the green and giving how crazy everything is I want to exit the year with a win no matter how small. I'll scale back into IAUX soon enough.
Comment by
NineLives on Dec 02, 2022 9:59am
Good for you. Have fun. We all have different investment strategies. When I see a multi Billion dollar mine forming I prefer to hold. Long IAU until taken over or results say otherwise. When seeing a cluster Fk like MOZ then run for the hills as soon as you're up cash.
Comment by
Specific on Dec 02, 2022 3:32pm
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