GOLD 0.51% $1,391.7 gold futures

Weak hands are really caving in today.Arguments abound on this...

  1. 1,650 Posts.
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    Weak hands are really caving in today.
    Arguments abound on this thread.
    Sentiment must be in the pits.
    Manipulation of stocks is now rampant.
    Been watching the activity re MEI, which at any other time would be a great report - sold off 25% at one point with some very large bids lined up who are now proud owners of a decent exploration project at bargain prices.
    In evaluating the portfolio, many I consider the best of the crop (top half dozen) were sold down 10-15%.
    Those I consider a little average are flat or up a few %. Tells a story (stocks not really wanted).
    Wish I had some cash to be part of this pillage. Been ploughing recent profits into stocks sitting on trend.
    A couple more have given trends a downward nudge. Unless they fall further, most likely a false breakdown.
    Overall portfolio only down 7% from recent highs - reality check.
    Volatility picking up in silver and gold - to the upside.
    Patience.
 
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