Post by
BlazzingK on Nov 16, 2020 10:45am
any wild guess
as to why this is drifting so low, instead of consolidation in the 12's?? Nothing really materially impacting for such retracement, algo's just going over sold? Very good spot to add imo.
The usual gold trap.
Comment by
goldanalyst on Nov 16, 2020 12:56pm
1. General market conditions for gold 2. It's was overvalued at $15/share 3. Short sellers likely to take this down to sub-$10 without the gold price making an about face