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30/01/23
11:19
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Originally posted by Pointyfigures:
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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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"Good timing negates the need for luck. " Do not overlook fundamentals. The Us Ponzi scheme will eventually fail. How can the Fed afford to raise interest rates in the face of a weakening economy, enormous Government ever increasing debt? No price discovery in paper Gold and Silver.