Australia's largest stock trading and investment forum Australia's #1 stock forum

This time I'm going to follow his advice to a T. I've set some...

First 12392 Last

Share
Profile

Follow
Anonandon

3,492 Posts.

54

13/11/24

16:15

Post #: 76588921
Share

Originally posted by ktrianta: ↑

Gary's latest update on X. Tend to agree that we are due a bounce. May put in a few buy orders to get some exposure to a possible bounce.

There's very little chance that gold will bottom this month. It would need to crash another 150 points over the next 2-3 weeks. I doubt that will happen. More likely there will be a convincing bounce soon that will draw gold bugs back in prematurely then fleece them when the C-wave decline drops to a lower low.

But don't let emotions cause you to start making stupid decisions. This is not the end of the bull market. Gold is only 2 years into this 8 year cycle. We still have a breakout from a 13 year cup and handle base.

Keep your head on straight. Once this intermediate degree correction has run its course gold will have another intermediate rally to test and likey break above $3000.

I'll say it again. $100 silver will be a piece of cake. $7000 gold will be a piece of cake and $250/$10,000 isn't out of the question

Expand

This time I'm going to follow his advice to a T. I've set some buy orders lowwww just in case there is a dramatic drop.
1 Upvote

0 Great analysis

Reply

Top Stories

Week 25 Wrap: Fed & BoE pause rates ahead of RBA; Santos-ADNOC, Oz tax reforms

HotCopper Highlights for Week 25: 4DS Memory, Meeka & Sprott-citement

Monday's HotCopper trends: Trigg's Utah plans, Koonenberry assays| June 23

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

AUC

Ausgold closer to Katanning production hub dream with Critica licence buy

First 12392 Last