I'm no expert, but reality tells me that printing of money in America/ Europe and in other countrys where economies has been mismanaged suggests that inflation will eat away our paper money. Gold is my hedge against this possibility. Currently we have Gold out of favour possibly due to institutions shorting and making a quid. When the target of shorts are reached, off we will bounce. Also factored in are the stop loss figures which have the domino effect.
I'm non too clever but I can lift heavy weights.
The Phantom
NCM Price at posting:
$29.52 Sentiment: Hold Disclosure: Held