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$1,391.7 gold futures

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stelios

926 Posts.

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30/01/23

11:19

Post #: 65944258
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Originally posted by Pointyfigures: ↑

I see I am referenced further on so will respond to your request.
The sentiment indicator is posted to help in timing entry/exit from the gold sector.
This is for stocks, not for purchasing or betting on gold price moves.
Sentiment is currently falling and I expect a further drop of around 10% for Aussie gold stocks prices. Mostly producers. Others are more variable.
Producers will most likely turn first when the uptrend resumes.
I do have a target low for the Aussie gold price of $2,645 or a little lower. Support.
When looking at getting into any stocks, I suggest goldies that hold their short and longer term rising trends. Currently, plenty out there so no need to bottom fish. Each to their own.
Around 20-30% of explorers are outliers and may rise though sentiment is falling due to news generation.
Could could look for these potential news generators if you want to get in now.
I recently sold many gold stocks and have tightened stops on most of the rest. Currently around 25% cash and expect this to rise as stops are hit.
Now is a good time to do research.
Will post again when I see sentiment improve. You should then be ready with a list of potential purchases.
I maintain a list of around 300 gold-focussed stocks. Many are multi-commodity. I keep this up to date with target prices, trend, etc. I recommend you do similar but no need to go as far as I do. Spread your risk.
Good timing negates the need for luck.

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"Good timing negates the need for luck."
Do not overlook fundamentals.
The Us Ponzi scheme will eventually fail.
How can the Fed afford to raise interest rates in the face of a weakening economy, enormous
Government ever increasing debt?
No price discovery in paper Gold and Silver.

Last edited by stelios: 30/01/23
6 Upvote

0 Great analysis

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