I’m coming from a gold stock perspective. Gold does not need to collapse but momentum sell off back to the 1200$ lows for a big whack in stock valuation. It is in a range albeit a more reversing than a continuation bear trend but I’m not going to see the bulk of paper progitsxwioed our interim because CB have been buying, contract leverage or any of those frightful events. Price usually leads in either direction before event confirmation.
So why the aggressive sell off on Friday? I don’t want to hear cappers or bombers.
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