Post by
metalhead666 on Nov 11, 2022 7:35am
Sell it...
This is NOT the start of a sustained gold rally. Stocks soaring, commodities on fire again all reignite inflation and harden the FEDs resolve. Markets have a long long way to fall yet. Stocks in general are still grossly overvalued by any historic metric. There may well be a trade in MOZ with the feasibility study in a few weeks but tax loss selling, a resumption of the bear market, a hardened FED is not going to allow for any sustained move higher in the metals. Not until things get so bad that they're forced to actually "pivot" will we see a real sustainable rally in gold. I'm out of all miners for the time being.
Comment by
Sacks48 on Nov 11, 2022 8:31am
If I sell and things keep going up will you pay the difference? If not then keep your certainty to yourself please
Comment by
theCurse on Nov 11, 2022 10:29am
as he stomps his feet, leaves the room and slams the door. back on ignore. serenity now. tC
Comment by
metalhead666 on Nov 11, 2022 8:46am
Spoken like a true bagholder.