TRY 0.00% 3.0¢ troy resources limited

That was me, I said $U1,270 by Christmas, not 2019. It reached...

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  1. 106 Posts.
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    That was me, I said $U1,270 by Christmas, not 2019. It reached $US1,266.58 last night, It probably does have enough momentum to reach 1270 tonight (in US trading), but I would give that a 60% chance. The previous chart I posted showed the possibility of $US1,300 by Christmas but I give that a 0.5% chance of happening now.


    What is certain now, those who have been "bearish" of gold of late, will turn bullish and the sentiment will turn to the precious metals stocks. I'd say this is just starting to occur now, because my analysis says we are just starting the steep rise in Gold price for the next few months. If there has to be a capital raising at anytime, it should be in the middle of a rising commodity price. Personally, I would have picked early January as the best time from a gold price point of view.


    All the best holders.


 
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