It was only a short time ago when we were convinced there was no way in hell we would ever go below $2... before that we were convinced that $3 was the obvious and immediate next stop and would soon breeze past $3.50.
I think, considering the fundamentals, these thoughts werent without merit. But were clearly horribly wrong.
It's nice to be back to the $2 (40c) checkpoint but i don't see these past few days as much of a win just yet. Green days are great but we need a huge trend reversal before my nerves settle. We are still well behind where we could and rightfully should be.
GXY Price at posting:
$2.00 Sentiment: Hold Disclosure: Held