BDR 0.00% 6.5¢ beadell resources limited

Gold price, page-11479

  1. 195 Posts.
    Not surprised to see a dollar reflex rally and the Dow up after 8 straight down days. I will still accumulate slowly. I think the dollar index goes back to maybe 102 meaning some downside for gold stocks.

    My worst case scenario is that the dollar index bottomed a day ago at the 98.8 level and we are now entering a 5th Elliot wave. In this scenario gold stocks get belted revisiting the December lows. I will be prepared for this scenario but I view it as unlikely. Just letting everyone know what my cracked crystal ball thoughts are GLTAH
 
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