American Creek Resources Ltd V.AMK

GOLD Buying Only Started !!!!

[Stockmoves1]

Gold buying only starting - MINING.COM

A very good read...

Great article explains how shorts are folding and we have only just begun Stage1... It does help to explain to me why we haven't had any real pulls yet but in spite of us feeling like one is coming Longs outweigh shorts and the Stage2,  Long buying hasn't begun lol. What happens in Stage3 is a whole other situation. :) I posted some of the stuff in this article.. Look to the last line "The gold miners’ stocks will amplify gold’s resulting gains like usual, earning fortunes for traders."

The FUN has Just Begun.. Some of the plays I follow have already doubled.. Our time is coming....

" The great majority of stage-two long buying is still coming!"

and then there is potentially a Stage3 :)

"So their stage-three buying is necessary to fuel the biggest gold uplegs, which can exceed 40% gains. Two such mighty gold uplegs driven by massive investment buying crested in 2020, at mighty 42.7% and 40.0% gains"

American stock investors haven’t even started buying gold yet. Its young upleg hasn’t run high enough for long enough to convince them to return, so all their stage-three buying is still coming.

So this young gold upleg’s stage-one gold-futures short-covering buying is about 3/4ths exhausted, with a quarter still left to go. The much-larger stage-two gold-futures long buying is only about 1/6th complete so far, with the lion’s share remaining. And the vastly-bigger stage-three investment buying hasn’t even started yet according to gold investment demand’s best daily indicator. All that is wildly bullish for gold prices!

The biggest beneficiaries will be its miners’ stocks, which really amplify gold’s gains due to their earnings leverage to its prices.

The bottom line is the recent gold buying is only starting. Gold’s young upleg has so far mostly been fueled by stage-one gold-futures short covering, which still isn’t finished. The great majority of bigger stage-two gold-futures long buying is still coming. That will eventually drive gold high enough for long enough to convince investors to return with their vast stage-three buying, growing this gold upleg into the big leagues.

And it should prove a monster with inflation raging out of control in its first super-spike since the 1970s, which will supercharge gold investment demand again. During times of serious currency debasement, all investors need sizable gold portfolio allocations. That will require massive buying starting from virtually nothing. The gold miners’ stocks will amplify gold’s resulting gains like usual, earning fortunes for Traders"

Best to just read the link and position yourselves accordingly.. even the likes of L@S covered his short by the sounds of it lol.

Should be an interesting year for us ...

[Stockmoves1]

Love the first paragraph also Gold has powered higher smartly over the past couple months, achieving big gains. But this gold buying is only starting, implying this young upleg still has a long way to run yet. Speculators’ gold-futures buying remains modest, while much-larger identifiable investment buying hasn’t even begun. Traders will have to increasingly chase gold’s upside momentum to

[fairdinkem]

We have not  sen such a steady clime in GOLD until the very end of Dec 22 and continuing thru so far as YAHOO has Chart of GOLD at a price of 1928.+   This looks like we will be crawling upword for the forseable future.   These daily mini runs are a lot better that the jamup and run down hill. On the JOB here!