Many on this forum have been claiming we would have one more sell-off (capitulation) and then the bull market in gold and shares would roar on.
Many predicted a bounce and heavy resistance and around the $US1550 level, which might have been a brilliant call.
Are these punters back in, or is there some other confirmation that they are waiting for, that the panic is over for now?
Are chartists scared to buy up the record historically oversold-as-compared-to POG shares? After all, couldn't we have 'just one more' panic sell-down before gold takes off?
Or if gold jumps another $20 tonight are we unwilling to pile in on Monday because we missed the bottom?
I am interested in this psychological problem.
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- so, was that the bounce?
Many on this forum have been claiming we would have one more...
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