SAR 0.00% $4.69 saracen mineral holdings limited

I think everyone in the gold sector is getting a bit nervous and...

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    I think everyone in the gold sector is getting a bit nervous and taking profits in anticipation of a correction they think should happen - gold RSI being more overbought on the monthly for the first time since since 2008 ...but whether it will happen is another matter. Frankly given current insanity on all markets, political paralysis in the US, and central banks printing apparently limitless amounts of currency, I think any correction will be shallow - gold is the only man standing now, among all asset classes, when it comes to value.
    But still .. fear rules, particularly given the shocking downward pulses in gold over the last decade ... so people are taking some money off the table ... just in case.
    Last edited by sankhara: 07/08/20
 
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