Morning all, wow gold. I've sold quite a bit of gold leading up to this $2000 level. Got no idea what's gonna happen but what helps is that gold stocks aren't advancing nearly as much as physical so. Not gonna try and analyse it but I just know that whenever something goes parabolic like this it never ends up as you'd expect. I have nice holding of producer RMS and have been picking up some cheap explorers WWI, PXG etc. The $2000 level is gonna be hit for sure, but how to make money out of it is the problem. I'm just gonna wait for a spike or a collapse in POG and buy/sell on that.
Hi Kate, yep, on paper was a good day. But that big bump in the index just didn't make sense. Was OK to buy off the bottom but where was it going? Also I don't normally trade those big stocks with small margins. I'm not a pro remember. Time might be coming to start having a look tho. And more than 2-3 trades at once, long or short, and I'm scrambling.
CGM was 6c to 6.5c. How many 10% trades has that thrown up in last couple of months. You only need one a day like that.
