After losing my shirt on this one previously I jumped back in last week and if she goes under $7 will continue adding. Also been buying BDR and MML as low cost producers and hedgers.
With the US figures surprising on the upside Friday, to see gold hold ground so staunchly after the hype, is good enough for me.
A taper announcement is expected, but tapering and ending QE are too entirely different propositions, there is no way the US will pull the rug out completely, nor play their hand to the market on timelines for tapering past the first pull back.
One thing is certain, nobody will want to miss the next bull run on gold whenever it may be, and when it turns I suspect everyone will get on it and it will pump very quickly.
NCM Price at posting:
$7.26 Sentiment: LT Buy Disclosure: Held
