Gold will remain strong and at USD1950-2100 level for next few months.... Vaccine only will be out in Dec or Feb n the US, Europe n Brazil take time to inject hundred million of people.... Economy still bad n uncertainty n the US still having unlimited QE n printing money for next 6-8 months ... Need to worry about gold prices go back to to USD1600-1700 ?? :)
Gold's bull run turns bearish After a strong run that sent gold prices to record levels and up more than 40% this year, buyers have turned their backs on the precious metal in recent trading sessions. As a result, investors in gold stocks, including S&P 500 component Newmont Corporation, have started offloading gold miners.
Looking more broadly outside the S&P, it was a terrible day for gold, silver, and other precious and semiprecious miner stocks. First Majestic Silver (NYSE:AG) and Fortuna Silver (NYSE:FSM) shares fell 12%, while Coeur Mining (NYSE:CDE) and Yamana Gold (NYSE:AUY) shares lost 10% on the day.
Be aware of this stupid Shawilrich , go to every gold related counters to spread negative views... directors n major share holders don’t go in n put to earn trading profits as retail investors... stupid comment indeed
Share it out to educate everyone about the opportunity and potential with gold counters. It also addressed those who concerned if gold counters are performing per spot gold price movement.
woi,tomei no mine gold one lar...only benefited from existing inventory stock ntg else..when wan restock gold also buy expensive...who buy gold now laaa...economy so bad
think yourself...they ask u to buy probably they stay at highfloor waiting u to rescue or stay low floor wan to maximize profit....they are earning your money worrrrrrr
Why sharks exited with huge profit? Bilis trapped and still fail to understand how a BULL TRAP IS SET where bilis rush in and sharks rush out. Well set trap!!
Anyway technically speaking gold is now under DEAD CAT BOUNCE ....one last bounce before the cat pass away.
TOMORROW is T+2 for yesterday's crash. Massive force selling will happen at glove, gold and penny stocks. Massive profit taking also will take place.....those buying can get good price by closing tomorrow....
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Kevin Tam
541 posts
Posted by Kevin Tam > 2020-08-12 14:45 | Report Abuse
Gold will remain strong and at USD1950-2100 level for next few months.... Vaccine only will be out in Dec or Feb n the US, Europe n Brazil take time to inject hundred million of people.... Economy still bad n uncertainty n the US still having unlimited QE n printing money for next 6-8 months ... Need to worry about gold prices go back to to USD1600-1700 ?? :)