GOLD 0.51% $1,391.7 gold futures

gold, page-116730

  1. 1,648 Posts.
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    I see I am referenced further on so will respond to your request.
    The sentiment indicator is posted to help in timing entry/exit from the gold sector.
    This is for stocks, not for purchasing or betting on gold price moves.
    Sentiment is currently falling and I expect a further drop of around 10% for Aussie gold stocks prices. Mostly producers. Others are more variable.
    Producers will most likely turn first when the uptrend resumes.
    I do have a target low for the Aussie gold price of $2,645 or a little lower. Support.
    When looking at getting into any stocks, I suggest goldies that hold their short and longer term rising trends. Currently, plenty out there so no need to bottom fish. Each to their own.
    Around 20-30% of explorers are outliers and may rise though sentiment is falling due to news generation.
    Could could look for these potential news generators if you want to get in now.
    I recently sold many gold stocks and have tightened stops on most of the rest. Currently around 25% cash and expect this to rise as stops are hit.
    Now is a good time to do research.
    Will post again when I see sentiment improve. You should then be ready with a list of potential purchases.
    I maintain a list of around 300 gold-focussed stocks. Many are multi-commodity. I keep this up to date with target prices, trend, etc. I recommend you do similar but no need to go as far as I do. Spread your risk.
    Good timing negates the need for luck.
 
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