fire! fire! everyone's running to the exits ., page-10

"What's wrong running to the exits if your very confident know the price is going to be much lower?"

So am I reading this correctly? The Parrot thinks Gold and Gold mining stocks are going significnatly lower? After screaming about Gold stocks doubling in short order for the last 2 years, now you are saying they could halve? Do you see the irony here?

Mate, pull yourself together. These sorts of bearish extremes are to be bought, not sold into. Yes the price of Gold and stocks could head a little lower, but the chances are the correction is nearing an end, not about to get ugly, it's already ugly.

Gold:XAU ratio hit an all time high in US trade. That's not the start of a trend, it's an extreme that only happens at true panic selling climaxes.