Depending on gold price. Some analysts predict 850 soon, then MOY... better to sell now
But nobody knows the future price. Especially in a highly manipulated commodity GOLD! We can only see price action, but it is already late.
Like recently - all goldbugs predicted that Trump will be good for gold - but big boys shorted the hell out of it, dumped 2 years of USA gold production in 1 night on Friday. Triggered all stop losses. Slit goldbugs thoats and let blood run down the gutters. Maybe now they are picking your shares (and mine - I couldn't see so much red so sold most).
But yesterday I saw hope. All economic data from USA was super bullish for USD, super bearish for gold, but gold didn't fall, finished flat, 1227, but GDXJ jumped 5.3% (which has aussie miners too), indicating that smart money are positioning for the next leg up (1550+).
MOY Price at posting:
28.5¢ Sentiment: Hold Disclosure: Held
