Gold price, page-9471

Hi Guys,

Sentiment is such an animal.
Few months ago there were countless post BDR for 60- 80c. Gold to 1400-1500.Dow Jones to crash. Nothing crashed except the hopes of gold bulls.
Now no one even bothers to write a post. They all have left the building. Only few die hard remain.
All the hot money which came into gold and gold stocks have almost exited. Even the likes of JID is no longer on the top 20 list. (From 20 million at one point to less than 2 million, my guess if JID is still holding). Still the top 20 holders have approximately 787 million shares. Gold is having a tough time, but the gold stocks are reasonably holding well. Gold is seeing lower lows but not the gold stocks. Last time in February when the gold price was at this level, stocks value was much lower, which makes me think either there is more room to fall or they are at or near a bottom. I tend to believe the latter. Some stocks like PRU, SLR and RMS are much higher than when gold was 1250+. Maybe the addition to GDXJ is playing a part over there.
Lots of gold stocks are reaching extreme good value proposition in regards to risk/reward. People are scared to put money in gold stocks at the moment, and those who are already in are getting out as fast as they can. It is hard to be bullish now, during the weekend I could not find one positive writing/article on gold. Some are even calling a case for 500 gold. Shocking. Martin Armstrong( The Forecaster) thinks gold is heading below 1000. One technical analyst I follow was saying 1450 two months ago and now he is saying Harry Dent is right gold will eventually go to 250. Goodness me!!! God help us!

After much agony and thinking I decided the best course of action and the hardest thing to do at the moment is to do nothing. Smart and lucky ones who sold earlier, Good luck to them.
Lets see what happens after the much anticipated FED rate rise.

All the best.