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saozzi

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22/04/16

07:32

Post #: 17574454
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Originally posted by cncventure ↑

Gold broke through $1262. That's a psychological win for the bulls.

Who cares if it gets beat back down to $1250 temporarily, big money is still flowing into the precious metals space.

Plus the gold miners are WAY better value than the metal at the moment and even with gold back at $1250 GDXJ is still trading up 3.9% as I type.

So the bull run in gold miners is still moving ahead, gold only needs to keep edging up slowly and the miners will continue to move up like a freight train.

And I suspect the big move back in the gold price itself may not happen until the gold miners are back to fair value.

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And the AU dollar is down
1 Upvote

0 Great analysis

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