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$1,391.7 gold futures

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wombat53

7,702 Posts.

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25/05/16

01:14

Post #: 17857241
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Originally posted by goldbear77 ↑

i sold my gold stocks end of week before last - barring one canadian stock thats a bit cumbersome to trade.

am expecting a similar downshift and then continuation of uptrend as gold stocks experienced in march. generally 38% fib retrace is my target though the usd goldies may see 50% if hui selling gets severe enough

this will be the time to buy silver and explorers imo

ideally though id like to see a stock market shakeout before i buy. so ill be basically buying after I see the reaction to FOMC rate rise decision in 2 weeks at this stage

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GB - very smart to have taken profits on gold stocks....very. Am quite serious. Absolutely the right thing.
FWIW, Fed Futures expectations of rate hike are rising (personally, I am skeptical, but as I tell others, don't fight the market. I should listen to myself).
We will see what happens June 15.
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