Today some people are nervous about the NFP reports. So people who have less risk tolerance will be selling, if they are lucky will be able to buy back Monday cheaper. Sure, there is some profit taking and why not, after all that's the whole reason for investing. Good on ya.
But I don't think all the money flowing into the gold & silver since the end of last year hinge on this NFP report. The trend has been down since the last few months for jobs, so my guess although it may not be a shocker as last time, it won't be spectacular either. We will find out by 12 midnight.
It is very hard to track the share price on a daily basis. Very few sharp traders beat the market and no matter how sharp they are, will get caught sometimes on the wrong side of the trade.
Anyway, I came across a fascinating long time chart which I take as a guide, a roadmap.
Take a good look. It may not happen exactly like that but even if it gets close to it, I'll be a very happy man.
All the best.
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