BGL 0.00% $1.73 bellevue gold limited

Absolutely but the gold rush started for me in March. 16/3 was...

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    Absolutely but the gold rush started for me in March. 16/3 was when traders realised that gold was severely oversold and by the end of that week it traded at $1550 , going long on gold from ridiculously cheap levels of $1450 in March was a must and one of the best decisions I made this year.

    Obviously stocking up on gold stocks in March kicked in the teeth by the market was the next step.
    I actually think it was & still is the beginning of a once in a lifetime buying oportunity for us gold bugs and that notion is beginning to be backed up by a lot of info on business channels.
    Also reported was a huge increase of new trading accounts registered up from the usual 2000 to 8000 / month new trading acc. registered up 400%
    which explains all the new investors I'm seeing in both equity and cfd markets.

    We're just at the beggining of a very big new gold rush and I feel like a prospector in Alaska in 1890' but instead of a bucket & showel and one plot to dig I've got a screen, keyboard and a number of tenements. and a lot of $BGL ( and 30 others)

    Future projections of gold price are very broad ranging from $2000 to some claiming gold to be $20 000 in 5 years whichever it will be I'm quite certain it will be a lot higher than $1730 because of 3 key points.
    1. We've learned from the GFC and this recent market turmoil governments WILL come to the rescue with $$$, stimulus, quantative easing etc.
    2. As much as the virus was a surprise we've gone through all sorts of adverse & devastating events terror attacks, GFC, bush fires etc. and markets have recovered.
    3. The new investors flocking to the markets atm. the new generation not content with fiat currency bs set up are voting with their $$$ and are flocking to gold and gold stocks , will send gold demand high and will actually prop up the $USD which holds 8134 tons of our favourite metal so we might have a market where gold & USD are going up together with the USD somewhat trailing the gold price.

    Here's a little reminder a picture of beauty , weekly gold chart from March where it started this year.
    See what happens in the next 6 months.

    https://hotcopper.com.au/data/attachments/2223/2223730-2bf62d0456d1c114b8d055504748c22f.jpg

 
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