Think for yourselves and follow price and patterns, stop following those Gold bug gurus who cant read a chart and "selling" you a thesis that clearly is not working.
"the low is just around the corner" yaawnnnnnnnnnnn
100th time
QE is not the cause of Gold prices, price moves from sentiment, Gold was already in a down trend BEFORE QE3 and QE infinity, this is WHY gold never rallied.
Margin calls control markets not the FED.
If you dont know wast a margin call is, better get out of the markets you dont understand.
Sentiment turned BEFORE QE 3 and infinity, sentiment controls the markets not QE.
Big funds dont want to own Gold or Gold stocks, it was a FAD trade, once it was over, traders and big players got out.
It you were not married to the trade Gold bulls could have saved their accounts.
I have read so comments many over the last 2 years, virtual wipe outs.
When the Gold bugs come out and tell us they will never touch a Gold stock or buy Gold again and i see a completed Elliott Wave pattern.
I will be be running to my broker and buying those stocks (US Gold stocks)that those Gold bugs are throwing out.
Same with physical i want to buy it when no one wants to own it.
NCM Price at posting:
$9.86 Sentiment: None Disclosure: Not Held
