I agree with your assessment, however I need to correct my own posting, I stated the future is unknown as far as Gold prices, this is true for the medium term onwards, but I find the short term price movements of Gold are generally predictable.
I am happy to post experts medium term predictions but I don't take them too seriously as there are too many variables. For me, I am primarily focused on what is affecting Gold now, why is it trending in a certain direction and how I can profit from it, I am generally successful in this, well until someone decides to dump 400tons of paper Gold all at once on the market and we all know what that is all about.
I like the negative sentiment at the moment and will be watching closely for another entry point into RSG, sometimes I miss as I did with KCN at 85c, almost pulled the trigger, but almost does not count, RSG has been profitable most of the time and I cut any losses quickly,I guess I'm just a momentum trader, I am not a technical trader but I am always interested in reading technical and fundamental analysis from those skilled in these areas.
Thanks for the post.
DYOR.
RSG Price at posting:
56.7¢ Sentiment: None Disclosure: Not Held
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