Makes sense Life. Ppl hang in there. I reckon we will have a massive gold rally come Thursday. Can't wait till the stupid Feds raise rates and at the same time give hints on how screwed their stupid economy is. The longs on usd will run for the hills and sell and the usd will tank paving the way for gold to continue the uptrend. The rate rise has been 100% priced in so the only way is up. I've finally learnt the market works the complete opposite to what we expect.
Last year's rate rise should have taken gold down but instead started the gold rally, brexit should have propelled gold but went the other way, same with dumpster getting elected. It makes sense why we see signs of Bdr being accumulated and none of the big holders selling as yet.
I feel more frustrated now than when the sp was at 11c. Hopefully only two more days of this bs.
BDR Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held