Well it looks like on a preliminary view that the Elliot wave theory for the prediction of what is going to happen to gold prices is correct.POG Down 70$ Us an ounce today . GOR would be well advised to hedge its gold production at these high prices . AU dollar is weakening. BTC and Ethe are now mainstream,BTC value is not almost 2 Trillion dollars daily trading at 40 billion plus.Much bigger than the gold market. BTC and Ethe like any assets go through cycles which is often on a 4 year cycle so it will correct down thats for sure .However long term its rise has been spectacular .Its great advantage is that is is outside the central banking system unlike gold. If this is a wave 3 down for gold as I suspect it may be GOR and DEG will tank .Be warned .
GOR Price at posting:
$1.86 Sentiment: Sell Disclosure: Not Held
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