Gold is only going to new records once this little pullback and gold trading opportunity is out of the way post election. Absolute bargains on offer right now and a huge market overeaction. Anyone clever will be buying now imo. It actually makes zero sense with how the market has reacted to this. Must be the institutions taking the one opportunity they have to sell down gold stocks. Gold is literally less than $100usd off it’s all time highs. Next to nothing, approx. 3% drop from the highs, yet most gold producing stocks are down around 10% today and 20% for the week. Very strange behaviour since it will be business as usual for the gold bull when this election dust settles within a week.
RSG Price at posting:
67.5¢ Sentiment: Buy Disclosure: Held
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