While everyone is distressed that the price is not sitting on last month's high, remember that it always comes down during the first half of March. In fact it peaks early Jan, retraces then climbs late Jan to early Feb (sometimes late Feb), then falls until mid March and rises to the end of March /early April. The only thing different this year is that it peaked a little later in Feb, probably due to the later Chinese New Year - which seems to be the Feb retracement start each year. Barring the self induced US economic implosion being diligently engineered by the current US admin, and the staggering levels of crazy in the news feed finally scaring the bejeebuz out of the market it will probably follow the same pattern this year. So thus it is doing what it should do more-or-less following previous year's patterns, only with an upward tilt rather than a downwards tilt. It's all pretty normal so far.
GXY Price at posting:
$2.48 Sentiment: Buy Disclosure: Held
